Richline Group Acquires NordtPosted on
Roanoke, VA and New York, NY – Richline Group, Inc. has the pleasure to announce the acquisition, effective June 1, 2016, of John C. Nordt, Inc. Joe Esposito, Richline’s EVP of Manufacturing said that "Nordt is another important and strategic addition to our brands. The firm’s unique and successful business model is a tribute to the leadership of the Nordt family. The synergies between Nordt and our LeachGarner and Nobilis business units will accelerate our growth into the PGM industrial markets. Nordt has a great product line, talented people and long term relationships with its clients”.
Joe White, President of LeachGarner, A Richline Group Company stated, “The combination of Nordt’s proprietary process technology and LeachGarner’s scale is unique in the precious metal industry. We look forward to integrating our businesses to deliver enhanced value to our existing customer base and leveraging our new synergies outside our traditional channels.”
Five generations of the Nordt family have led the firm over 140 years. Paul Nordt III, Rob Nordt, Sr. and Rob Nordt, Jr. will continue to lead the company along with a highly experienced professional management team. Paul Nordt stated “Richline’s strength will enhance the core corporate capability brought to our customers including our unique and proprietary processes for precious metals. We have long been proud of the creation of products of extreme precision and adaptability for the jewelry industry.”
About John C. Nordt:
John C. Nordt is an ISO 9001:2008 certified company and a leading manufacturer and supplier of precious metal products to the jewelry industry. Founded in 1872 in New York City, Nordt has operated in Roanoke Virginia since 1984.
About Richline Group, Inc.:
Richline Group, Inc., a wholly-owned subsidiary of Berkshire Hathaway Inc., is the USA’s foremost Fine Jewelry Manufacturer and Marketer. Richline Group was formed in 2007. Currently the major brands comprising Richline’s portfolio are LeachGarner, Inverness, Rio Grande and Richline Jewelry. Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance, utilities and energy, finance, manufacturing, retailing and services. The Common Stock of Berkshire Hathaway is listed on the New York Stock Exchange under the symbols BRK.A and BRK.B.
View the full press release here.