Indesit
| Indesit Company SpA
|
|
|---|---|
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|
| legal form | Corporation |
| founding | 1930 as Industrie Merloni |
| Seat |
Fabriano ( AN ), Italy
|
| management | Marco Milani |
| Number of employees | 16,331 (2012) |
| sales | € 2,886 million (2012) |
| Website | www.indesit.com |
The Indesit Company SpA (until 2005 Merloni Elettrodomestici ) based in Fabriano ( province of Ancona ) is a former Italian manufacturer of household appliances (listed from 1987) . In 2012, the company achieved sales of 2.9 billion euros. Indesit has been part of the Whirlpool Group since October 2014 .
history
The company was founded in 1930 by Aristide Merloni (1897–1970) in Albacina, a suburb of Fabriano, and was originally called Industrie Merloni . The family company first manufactured scales and thus had a market share of 40 percent in Italy in the early 1950s. A few years later, the production of liquefied gas cylinders, gas stoves and hot water boilers began. The company started producing household appliances under the brand name "Ariston". After the death of the company founder at the end of 1970, the household appliance division was separated as Merloni Elettrodomestici from the other company activities (thermo-sanitary, mechanical). In 1975 Vittorio, Francesco and Antonio Merloni, three of Aristide Merloni's sons, smashed their father's company and transferred the corporate divisions that had been under one roof to newly founded, independent companies of the same number, each of which they took over management:
- "Merloni Elettrodomestici SpA" (building services), Managing Director: Vittorio Merloni (renamed Indesit Company in 2005 ),
- "Merloni Termosanitari SpA" (heating and plumbing), later renamed Ariston Thermo (managing director Francesco Merloni and his son Paul as CEO) and
- "Antonio Merloni SpA" (building services), later renamed ARDO elettrodomestici (managing director: Antonio Merloni).
Because of the independently managed new companies, two of the brothers - Vittorio with "Indesit" and Antonio with "ARDO" - competed with each other in the household appliances sector. In 2008 Antonio Merloni's ARDO group was badly hit by the global economic crisis and placed under administration. ARDO's insolvency was subsequently determined. The ARDO group owned u. a. the trademark rights of EFS Hausgeräte GmbH ( EBD , Foron and Seppelfricke ).
In 1985, Merloni Elettrodomestici (Vittorio Merloni) acquired Indesit , which until then had been a major competitor on the Italian market and abroad. Two years later the company was listed on the Milan Stock Exchange. In February 2005, Merloni Elettrodomestici was renamed Indesit Company , as Indesit is the better known brand outside of Italy. CEO Marco Milani also took over the chairmanship of the Board of Directors from Andrea Merloni in May 2013. The Merloni family last held 59% of the capital and 62% of the voting rights. In the summer of 2014 it was announced that the Merloni family would sell their shares in Whirlpool; the takeover took place in October 2014 after cartel clearance by the EU; after the subsequent mandatory public offer , Indesit was taken off the stock exchange.
Brands and market position
Indesit sells products in Europe under the main brands Indesit, regionally also under the names Hotpoint in Great Britain (acquired in 2002), Scholtès in France (acquired in 1989) and Stinol in Russia (acquired in 2000). The traditional brand Ariston, which is still used today by the former sister company Ariston Thermo in the heating technology sector, was initially merged with the Hotpoint brand to form Hotpoint-Ariston in 2007 and is no longer actively used by Indesit for household appliances today.
After BSH and Electrolux, the company is the third largest European manufacturer of electrical household appliances. With a consolidated turnover of around 2.9 billion euros in 2012, Indesit has a leading market share in so-called white goods household appliances (stoves, refrigerators, hotplates, dishwashers and washing machines) in Italy, the United Kingdom and Portugal , the Russian Federation and Ukraine. According to its own information, it ranks among the top three providers in France, Hungary and Greece. The company sells 13.5 million devices per year and has representatives in 24 countries.
Indesit operates a total of eight production sites in Italy, Poland, the United Kingdom, the Russian Federation and Turkey and in 2012 employed 16,331 people worldwide.
Web links
- Company page (English / Italian)
Individual evidence
- ↑ a b Annual Report 2012. (PDF; 3.3 MB) Indesit, accessed on November 15, 2013 (English).
- ^ Whirlpool Completes Purchase of Majority Interest in Indesit. (PDF) press release. Indesit, October 14, 2014, accessed January 28, 2015 .
- ^ White Goods Companies within Europe. (PDF; 1.2 MB) (No longer available online.) In: White Godds Distribution in the spotlight. CapGemini Consulting, February 2012, archived from the original on December 2, 2013 ; accessed on November 15, 2013 (English, table p. 3; ranking based on 2010 sales in Europe). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
