Founded in 1975 as Merloni Elettrodomestici SpA by Vittorio Merloni, as a spin-off from Industrie Merloni. It was renamed Indesit Company S.p.A in 2005 after a company it acquired in 1987.
In the 1980s, with the release of other Italian companies to foreign groups of appliances, Merloni Household became the first domestic producer in the industry. Since 1981 the Company was going through a crisis period, which ended in 1984, when Vittorio Merloni, having concluded its president of Confindustria, returning to driving. Profits and revenues from the Company grew, and this led the Merloni family in 1986 to decide his entry into the stock market.
In 1987, Merloni Elettrodomestici, already listed on the stock exchange, acquired Indesit, its great rival on the Italian market but also having a certain international presence, and the 33% of Philco Italy.
Info gleaned from Wikipedia