Ariston Thermo acquires controlling interest in NTI

Italy's Ariston Thermo acquired controlling interest in New Brunswick boiler/water-heater maker NTI, entering the North American market.

“NTI, a manufacturer of high-efficiency condensing boilers and water heaters, with manufacturing facilities in New Brunswick, has announced that Ariston Thermo of Milan, Italy, has acquired controlling interest in the family‐run business.”

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