Type Public Founded 1902 Headquarters Treviso, Italy | Traded as BIT: DLG Revenue € 1,726.7 M (2014) Parent organization DE Longhi Industrial S.A. | |
 | ||
Key people Giuseppe De'Longhi, President
Fabio De'Longhi, CEO Products heaters, air-conditioners, vacuum cleaners, espresso machines, kitchen appliances and small appliances Stock price DLG (BIT) € 24.04 -0.92 (-3.69%)3 Mar, 5:30 PM GMT+1 - Disclaimer CEO Fabio De'Longhi (27 Jun 2005–) Subsidiaries Kenwood Limited, Braun, Kenwood International Ltd Profiles | ||
De'Longhi S.p.A is an Italian small appliance manufacturer based in Treviso, Italy.
History and trading
The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop. The company incorporated in 1950. Historically a major producer of portable heaters and air conditioners, the company has expanded to include nearly every category of small domestic appliances in the food preparation and cooking, as well as household cleaning and ironing, segments. De'Longhi is especially well known for the Artista Series espresso machines, the De'Longhi gelato maker and the Pinguino portable air conditioner.
De'Longhi is known for the design of its products. Its Esclusivo line of kitchen appliances won the Red Dot design award in 2007. Home Furnishing News recognized De'Longhi Design Director Giocomo Borin as one of the 50 most influential designers in the world in 2006.
De'Longhi's 2000 acquisition of Climaveneta SpA and DLRadiators allowed De'Longhi to enter the commercial HVACR (Heating Ventilation Air Conditioning and Refrigeration) market.
De'Longhi's £45.9 million (about $66.7 million) 2001 acquisition of the British appliance maker Kenwood gave De'Longhi access to Kenwood's Chinese factory. As a result, many of De'Longhi's products are now imported from China, while design and engineering remain largely in Italy.
Acquisition of a majority stake in RC Group, a leading player in information technology cooling, in 2006 has strengthened De'Longhi's presence in the HVACR market.
In all, De'Longhi operates 13 production facilities and 30 international subsidiaries that support sales to 75 countries worldwide. International sales account for nearly 75 percent of the group's total revenues, which topped €1.63 billion in 2010.
On 2 January 2012 the DeLclima group was set up as a demerger from De'Longhi.
On 16 April 2012, De'Longhi bought perpetual rights to manufacture Braun branded products from Procter & Gamble in the small appliance segment. Procter & Gamble will continue to own the Braun brand. €50 million was paid immediately and €90 million will be paid over the next 15 years.
Shares in the company are traded on Milan's stock exchange.