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Indesit
Indesit Company S.p.A., more commonly known as Indesit (/ˈɪndɪsɪt/; Italian pronunciation: [ˈindezit]), was an Italian company based in Fabriano, Ancona. It is one of the leading European manufacturers and distributors of home appliances.
Founded in 1975 as Merloni Elettrodomestici S.p.A. and listed on the Milan Stock Exchange between 1987 and its 2014 purchase by Whirlpool, the group posted sales of €2.9 billion in 2012.
It has eight industrial areas in Italy, Poland, the UK, Russia and Turkey, and 16,000 employees.
The company was founded in 1975 as Merloni Elettrodomestici by Vittorio Merloni as a spin-off from Industrie Merloni.
In the 1980s, with other Italian companies having been taken over by foreign appliance manufacturers, Merloni became the premier domestic producer in the industry. From 1981 the company went through a period of crisis, which ended in 1984, when Vittorio Merloni, having concluded his presidency of Confindustria, returned to managing Merloni. Profits and revenues of the company grew, and this led the Merloni family to decide in 1986 in favor of the company's entry into the stock market.
In 1987, Merloni Elettrodomestici, already publicly listed, acquired Indesit (founded in Turin, by Armando Campioni, Adelchi Candellero and Filippo Gatta in 1953), its biggest rival on the Italian market which also had a certain international presence, as well as 33% of Philco Italy. In 2005, Merloni Elettrodomestici was renamed Indesit Company.
In 1988, Merloni, under the Ariston and Indesit brands, had a turnover of USD1.059 billion, becoming the fourth largest European manufacturer of home appliances. The following year, it acquired and absorbed the French company Scholtès.
In 1990, the Marcegaglia Group, a supplier of the Fabriano-based company itself, entered the capital of Merloni Elettrodomestici and took over a 7% share. In the same year the company had approximately 6,000 employees in various establishments including France, Portugal and Russia.
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Indesit
Indesit Company S.p.A., more commonly known as Indesit (/ˈɪndɪsɪt/; Italian pronunciation: [ˈindezit]), was an Italian company based in Fabriano, Ancona. It is one of the leading European manufacturers and distributors of home appliances.
Founded in 1975 as Merloni Elettrodomestici S.p.A. and listed on the Milan Stock Exchange between 1987 and its 2014 purchase by Whirlpool, the group posted sales of €2.9 billion in 2012.
It has eight industrial areas in Italy, Poland, the UK, Russia and Turkey, and 16,000 employees.
The company was founded in 1975 as Merloni Elettrodomestici by Vittorio Merloni as a spin-off from Industrie Merloni.
In the 1980s, with other Italian companies having been taken over by foreign appliance manufacturers, Merloni became the premier domestic producer in the industry. From 1981 the company went through a period of crisis, which ended in 1984, when Vittorio Merloni, having concluded his presidency of Confindustria, returned to managing Merloni. Profits and revenues of the company grew, and this led the Merloni family to decide in 1986 in favor of the company's entry into the stock market.
In 1987, Merloni Elettrodomestici, already publicly listed, acquired Indesit (founded in Turin, by Armando Campioni, Adelchi Candellero and Filippo Gatta in 1953), its biggest rival on the Italian market which also had a certain international presence, as well as 33% of Philco Italy. In 2005, Merloni Elettrodomestici was renamed Indesit Company.
In 1988, Merloni, under the Ariston and Indesit brands, had a turnover of USD1.059 billion, becoming the fourth largest European manufacturer of home appliances. The following year, it acquired and absorbed the French company Scholtès.
In 1990, the Marcegaglia Group, a supplier of the Fabriano-based company itself, entered the capital of Merloni Elettrodomestici and took over a 7% share. In the same year the company had approximately 6,000 employees in various establishments including France, Portugal and Russia.
