{"id":583,"date":"2022-01-14T10:23:17","date_gmt":"2022-01-14T09:23:17","guid":{"rendered":"http:\/\/axeco.0to9.io\/?p=583"},"modified":"2022-02-16T10:31:14","modified_gmt":"2022-02-16T09:31:14","slug":"nordian-capital-announced-the-sale-of-dejong-to-rheem-manufacturing","status":"publish","type":"post","link":"https:\/\/axeco.0to9.io\/nl\/nordian-capital-announced-the-sale-of-dejong-to-rheem-manufacturing\/","title":{"rendered":"Nordian Capital announced the sale of DEJONG to Rheem Manufacturing"},"content":{"rendered":"<p><em><strong>US-based Rheem Manufacturing has acquired De Jong from Nordian Capital. DEJONG joins the family of brands under JP-based Paloma Co., offering a long-term perspective and support for its next growth phase.<\/strong><\/em><\/p>\n<p><em><strong>Axeco Corporate Finance is pleased to have advised Nordian Capital and DEJONG in this transaction<\/strong><\/em><\/p>\n<p>Rheem Manufacturing Company has acquired De Jong from Nordian Capital. Headquartered in Atlanta, Georgia, Rheem is America\u2019s #1 water-heating brand with products available in more than 80 countries.<\/p>\n<p>\u201cRheem and De Jong are aligned on many fronts, including our commitment to sustainability,\u201d said Chris Peel, President and CEO at Rheem. \u201cTogether, we will continue to lead through innovation and develop products that reduce dependance on carbon fuel sources while expanding De Jong\u2019s presence beyond Europe and North America.\u201d<\/p>\n<p>\u201cIn the past few years De Jong has seen tremendous growth fueled by market expansion and a higher demand for renewable systems requiring hot water tanks,\u201d said Nordian Capital\u2019s Perry Bos and Tijs Akkerman in a joint statement. \u201cAfter Nordian invested in the organization, extended product development and increased production capacity, De Jong is now ready for the next step.\u201d<\/p>\n<p>\u201cSeveral buyers expressed an interest,\u201d the statement continued. \u201cBut it was clear from the very start that De Jong\u2019s management felt Rheem offered the best opportunities for expanding offerings to customers. Nordian is proud of what we have achieved together with De Jong and we believe De Jong and Rheem have a bright future ahead.\u201d<\/p>\n<p>De Jong will operate as a stand-alone business unit within Rheem\u2019s Global Water Division. Arno La Haye, Managing Director of De Jong, will continue in his leadership position.<\/p>\n<p>\u201cOur growth potential requires substantial investments that only a company like Rheem can make,\u201d said La Haye. \u201cRheem brings us a true industrial partner who knows our business, has a strong market presence and makes strategic decisions based on long-term goals.\u201d<\/p>\n<p>\u201cThis partnership provides significant opportunity to support market expansion by pairing hot water storage tanks with sustainable energy sources, creating an integrated system that will appeal to our customers,\u201d said Rich Bendure, President Rheem Global Water. \u201cTogether we will develop a category of products that provide value and meet the needs of our end users.\u201d<\/p>\n<p><strong>About DEJONG<\/strong><\/p>\n<p>DEJONG is a leading, independent manufacturer and supplier of stainless-steel hot water tanks founded in 1859 and based in Gorredijk, the Netherlands. DEJONG produces hot water tanks for multiple applications including solar, heat pump and boiler configurations and is a key player in the global energy transition.<\/p>\n<p><strong>About Nordian Capital<\/strong><\/p>\n<p>Nordian Capital is an independent Dutch private equity investor focused on increasing and accelerating the growth of companies. Since its founding in 2014, Nordian has contributed to more than 35 companies as a critical and committed investment partner. Nordian Capital offers proactive support in the areas of strategy, financing and mergers &amp; acquisitions. Nordian does not take the management\u2019s seat but allows entrepreneurs to do what they do best: running their business.<\/p>\n<p><strong>About Rheem<\/strong><\/p>\n<p>Founded in 1925, Rheem is America\u2019s #1 water-heating brand. Paloma Co., Ltd.\u00ae of Nagoya, Japan, acquired the iconic Rheem brand in 1988. Today the company\u2019s portfolio of premium brands include Rheem\u00ae, Intergas, Friedrich, Raypak\u00ae, Ruud\u00ae, Eemax\u00ae, Richmond\u00ae, Splendid\u00ae, Solahart\u00ae and EverHot\u2122 as well as commercial refrigeration brands Russell\u00ae, Witt\u00ae, ColdZone\u00ae and Kramer\u00ae, which are part of the Heat Transfer Products Group (HTPG\u00ae) division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based Rheem Manufacturing has acquired De Jong from Nordian Capital. DEJONG joins the family of brands under JP-based Paloma Co., offering a long-term perspective and support for its next growth phase. Axeco Corporate Finance is pleased to have advised Nordian Capital and DEJONG in this&#8230;<\/p>\n","protected":false},"author":1,"featured_media":506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nordian Capital announced the sale of DEJONG to Rheem Manufacturing - AXECO Corporate Finance<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nordian Capital announced the sale of DEJONG to Rheem Manufacturing - AXECO Corporate Finance\" \/>\n<meta property=\"og:description\" content=\"US-based Rheem Manufacturing has acquired De Jong from Nordian Capital. DEJONG joins the family of brands under JP-based Paloma Co., offering a long-term perspective and support for its next growth phase. 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