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02/22/2024
Ariston Thermo acquires HTP in the USA
Ariston Thermo acquired the 51% of HTP, a US company leader in innovative and high-efficiency solutions for water heating and heating.
With over 40 years of history and a well-established presence in the USA, the company enjoys a distinctive positioning in the North American market supported by a strong reputation in terms of quality and reliability of its products.
HTP is headquartered at New Bedford, in the Bristol County in Massachusetts, USA, where it employs 235 people and owns two productive plants. In 2016, the company reached a turnover of 87 million dollars (around 80 million Euros), representing one of the most dynamic realities in the industry recording a significant and constant growth at an annual average rate of 10% during the last five years.
“With this new acquisition, Ariston Thermo continues its path of growth, reinforcing its presence in the North American market” explained Paolo Merloni, Executive Chairman of Ariston Thermo. “HTP means a strong brand, a wide range of innovative products coherent with Ariston Thermo’s offer and strategy, the presence of local production facilities and most of all the expertise of its management team, with whom we share the passion for the most advanced technologies and the strategy to strive for high efficiency. This partnership will allow Ariston Thermo to accelerate its development path in a relevant market such as North America, complementing the successful acquisition of NTI one year ago. The HTP and NTI will continue to act independently on the markets”.
02/22/2024