Indesit Company: Bringing Efficient & Reliable Home Appliances for Decades

Established and headquartered in Fabriano, Ancona province in Italy, Indesit Company is an Italian multinational company that offers reliable, efficient, and functional household appliances. It was founded as Merloni Elettrodomestici SpA in 1975 by Vittorio Merloni to be a spin-off from Industrie Merloni. In 2005, the company settled to operate under its current name which they adopted from another firm that they were able to acquire.

The 1980s served as a great year for other Italian companies that distributed foreign groups of appliances. Merloni’s company was then recognized as the first domestic manufacturer in the industry. It was not always easy for the company. They underwent a crisis stage from 1981 to a984. However, with enough determination and proper management, their profits rose, eventually driving the Merloni family to pursue entry into the stock market in 1986.

In 1987, Merloni Elettrodomestici, they acquired a rival company, Indesit, which has already established a global presence back then. They also garnered 33% of Philco Italy. The next year, Merloni was able to have a turnover of 1.059 billion dollars under the Indesit and Ariston brands. In 1989, they acquired the French company Scholtes.

The following year, they entered Marcegaglia, their supplier of steel tubes. They also penetrated Star SpA in 1995. They also acquired stickers manufacturer Panini through the Merloni family’s holding Fineldo. In 2000, they were able to acquire Philco’s entire capital and they also took Stinol, the first Russian appliance manufacturer.

In 2005, the company was renamed to Indesit Company and in 2010, Vittorio’s daughter Andrea Merloni succeeded him as Chairman. That same year, they also announced an investment of 120 million for the consolidation of their presence in Italy.

As of 2011, Indesit posted sales amounting to € 2.8 billion. They currently operate 16 production facilities in Italy, and eight in different locations abroad.