Montegrappa was founded under the slogan "Manifattura pennini d'oro e penne stilografiche" ("Maker of gold nibs and fountain pens") in 1912. Its products are still manufactured in the original factory on the river Brenta, in Bassano del Grappa—near Vicenza, in the North-East of Italy.
The symbol of the town is the covered Ponte Vecchio, which was designed by the architect Andrea Palladio in 1569.
During the First World War, Bassano was a center of military operations. Among the many soldiers who used the company's pens, branded as Elmo at that time, were two celebrated 20th-century writers, Ernest Hemingway and John Dos Passos, who had both volunteered for service as ambulance drivers.
The company was at its high point in the 1930s. It was a period when fountain pens became widespread and the products of the House of Bassano met the taste of the public with their sober design and the variety of their colors and materials.
The Montegrappa is owned by the Aquila family. Sylvester Stallone and the retired F1 Ferrari driver Jean Alesi are also partners and members of the board for P.R. and communication.