Ariston

🚨 Reasons for Boycotting Ariston Group

Ariston Group (Ariston Holding N.V.) is an Italian multinational climate comfort and water heating company founded in 1930 by Aristide Merloni, headquartered in Fabriano, Italy, and listed on Euronext Milan. The company owns brands including Ariston, ELCO, Wolf, Chaffoteaux, ATAG, Racold, Chromagen, Atmor, and Thermowatt. Ariston operates production, R&D, and distribution facilities in israel, and by refusing to sever ties with israel, it contributes to the normalization of genocide.

1. Acquisition of Chromagen and Connection to Kibbutz Sha'ar Ha'amakim: In January 2022, Ariston Group acquired 100% of the shares and voting rights of israel-based solar thermal technology company Chromagen. The transaction valued Chromagen at approximately NIS 130 million (approximately USD 40.6 million). Chromagen, founded in 1962, belonged to Kibbutz Sha'ar Ha'amakim, a settlement-linked agricultural community located east of Haifa in northern israel. As part of the acquisition, Ariston took over the shares owned by Kibbutz Sha'ar Ha'amakim. This demonstrates that Ariston directly invested in a settlement-linked israeli entity.Ariston Group: Chromagen Acquisition Completion (January 2022)Globes: Ariston buys Chromagen, owned by Kibbutz Shaar Ha'EmakimSolarthermalworld: Chromagen belonged to Kibbutz Sha'ar Ha'amakim
   
   Production Expansion in israel: As of February 2026, Ariston Group announced it is expanding its solar collector production capacity in israel. The company aims to make israel a "strategic production center for water heating." Chromagen CEO Amir Raska stated: "We will continue to invest in expanding production capabilities in israel." This demonstrates that Ariston directly contributes to the israeli economy.The Jerusalem Post: Ariston expands solar collector production in israel — israel becomes strategic production center (February 2026)
2. Acquisition of Atmor and Corporate Presence in israel: In October 2017, Ariston Thermo acquired a majority stake in Tel Aviv-based Atmor, a company specializing in electric instantaneous water heaters for residential and commercial applications. Atmor's address is registered as 6 Hasadna St, Kfar-Saba 4442405, israel. Ariston Group entered the israeli market in 2017 with the acquisition of Atmor and strengthened its position in 2022 with the acquisition of Chromagen. The company maintains production, R&D, and distribution operations in israel.AGI: Ariston Thermo acquires majority share in israeli company Atmor (October 2017)Taasuka: Atmor Industries Ltd — 6 Hasadna St, Kfar-Saba 4442405, israel — Member of Ariston Thermo Group
3. Merloni Family Ownership and Institutional Shareholders: Ariston Holding N.V.'s shareholder structure is as follows: Paolo Merloni: 73.50%, Maria Francesca Merloni: 18.56%, Free float: 7.94%. The company is controlled by the Merloni family. Paolo Merloni serves as Executive Chairman of Ariston Group. Institutional shareholders include Vanguard Capital Management, LLC (0.60%–0.86%) and BlackRock, Inc. (0.30%–0.31%). BlackRock and Vanguard are identified in a UN report (OHCHR) as being among the largest investors in companies pivotal to israel's weapons arsenal.boerse.de: Ariston Holding N.V. — Paolo Merloni 73.50%, Maria Francesca Merloni 18.56%, Freefloat 7.94%ADVFN: Vanguard 0.60%, BlackRock 0.30% — Ariston Holding NV OwnershipUN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)
4. Double Standards and Silence: Ariston Group emphasizes its commitment to sustainability and renewable energy solutions. However, the company continues to expand its production facilities in israel and has issued no statement condemning the genocide in Gaza or the illegal settlement enterprise in the West Bank. By maintaining corporate cooperation with israel, it contributes to the normalization of this oppression.Ariston Group: Sustainability and Renewable Energy Solutions

🌐 Sources

• Ariston Group: Chromagen Acquisition Completion (January 2022)
• The Jerusalem Post: Ariston expands solar collector production in israel (February 2026)
• Globes: Ariston buys Chromagen from Kibbutz Shaar Ha'Emakim
• Solarthermalworld: Chromagen acquisition details
• AGI: Ariston Thermo acquires Atmor (October 2017)
• boerse.de: Ariston Holding N.V. shareholder structure
• ADVFN: Ariston Holding NV institutional ownership
• UN OHCHR: Report of the Special Rapporteur Francesca Albanese (2025)

Boykot Market has listed the brand information and source links above based on verifiable official sources. Please conduct your own research to be certain.