NYSE:LIIBuilding
Lennox Enters Water Heating With Ariston JV As Valuation Stays Steady
Lennox International (NYSE:LII) has entered the North American water heating market through a joint venture with Ariston Group.
The partnership is launching a new line of water heaters, adding to Lennox's existing product portfolio.
The move expands Lennox's dealer network and allows contractors to offer integrated HVAC and water heating solutions.
Lennox International, best known for residential and commercial HVAC systems, is now stepping into water heating, a closely related category...