Add-on Acquisition • Consumer Products

Jøtul Acquires Hammerstrøm AS

On June 25, 2008, Jøtul acquired consumer products company Hammerstrøm AS

Acquisition Context
  • This is Jøtul’s 1st transaction in the Consumer Products sector.
  • This is Jøtul’s 1st transaction in Norway.

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M&A Deal Summary

Date June 25, 2008
Target Hammerstrøm AS
Sector Consumer Products
Buyer(s) Jøtul
Deal Type Add-on Acquisition

Target Company

Hammerstrøm AS

Tistedal, Norway
Hammerstrøm AS is a manufacturer and supplier of chimney renovation and maintenance products for stoves and fireplaces.
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Buyer Overview 1

Buyer

Jøtul

Kråkerøy, Norway

Category Company
Founded 1853
Sector Consumer Products
Employees800
Revenue 920M SEK (2014)
DESCRIPTION

Jøtul is a manufacturer and distributor of cast-iron stoves and fireplaces, inserts and cassettes. Jøtul has a strong global market position through the group’s primary brands Jøtul and Scan. Manufacturing mainly takes place in Norway and Denmark, with smaller units in France and the US. The company’s products are sold worldwide through its sales subsidiaries and distributors. Jøtul was founded in 1853 and is based in Kråkerøy, Norway.


Deal Context for Buyer #
Overall 1 of 2
Sector: Consumer Products 1 of 2
Type: Add-on Acquisition 1 of 2
Country: Norway 1 of 1
Year: 2008 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 AICO

Palazzolo sull'Oglio BS, Italy

AICO S.p.A. is an Italian manufacturer of residential stoves, fireplaces, boilers, and cookers. AICO offers a wide range of premium home heating products that are energy efficient and utilize pellets, a renewable energy source. The business features two well-established brands; Ravelli and Elledi and they are exported to more than 40 countries. Headquartered in Palazzolo sull’Oglio, Italy, AICO’s 150 employees oversee the design, manufacturing and in-house testing to ensure all products comply with European quality, safety, and environmental compliance standards.

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