Jøtul AS

Jøtul AS is a Norwegian company with a rich history dating back to 1853, when Oluf Onsum founded Kværner Jernstøberi in Norway. The company initially focused on manufacturing cast-iron goods, with stoves becoming one of its key products. Over the years, Jøtul demonstrated adaptability to changing market conditions, leading to its international expansion. The company's acquisition of foundries and import companies in the US and Europe further enhanced its global presence. Today, Jøtul boasts the world's largest distribution network for stoves and fireplaces, making it one of the most sought-after brands in the industry. With subsidiaries in Denmark, the US, France, Spain, Italy, the UK, and Poland, the company markets its products in 43 countries across six continents under brands such as Jøtul, Scan, Atra, Ild, and Warm. The company's annual turnover is approximately EUR 100 million, and it employs around 700 people. Jøtul's production facilities are located in Norway, Denmark, the US, France, and Poland. The company has proven its ability to evolve with the times, making it an attractive prospect for potential investors looking to tap into the logistics, manufacturing, and marketing industries.