Hindware Atlantic Sells Water Heater Manufacturing Plant to Ariston Group

Hindware Atlantic, a 50:50 joint venture between Hindware Home Innovation Limited and France’s Groupe Atlantic, has sold its Telangana water heater manufacturing plant to Ariston Group, which operates in India under the brand Racold. This strategic move enables Hindware Atlantic to operate asset-light, enhancing flexibility in its water heater business while strengthening its balance sheet. The company will continue to focus on market development, product innovation, and expanding consumer reach. Leveraging Groupe Atlantic’s proven technical expertise in heating solutions, along with Hindware’s extensive distribution and dealer network and leadership in bath and kitchen solutions, Hindware Atlantic aims to strengthen its market presence and ensure seamless support for its trade partners. The company remains committed to continuous innovation, uninterrupted product availability, and maintaining the highest quality standards, ensuring that partners and customers experience reliability and continuity at every level. Hindware and Groupe Atlantic remain fully committed to the Indian market, with no impact on distribution, policies, or team structure. Partners and customers can continue to rely on trusted products and uninterrupted service. The transaction is subject to both parties fulfilling the terms of the agreement and customary conditions precedent.