Since SOLs establishment in 1927 the companys major shareholders, the Fumagallis and Annonis “ have had the reins tight in hand. Through its three generations of leaders SOL has become one of the most signifi cant players in the Italian. as well as European gases markets.
SOL was initially established in Monza by five shareholders to respond to the need for oxygen and acetylene in cutting and welding. The five decided to build a small plant supporting these applications at nearby shipyards in Livorno, central Italy. However, a few years later the number of shareholders fell to two, with Aldo Fumagalli and Giovanni Annoni remaining equal partners in the business.
According to the companys current chairman, grandson Aldo Fumagalli (48), the business remained very small until the 1960s. “Where our turnover in the early 60s was one, today its one hundred,” Fumagalli said, illustrating the growth.
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