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OpenGate Capital acquires Jøtul Group from Ratos
March 4, 2018

OpenGate Capital, a global private equity firm has completed the acquisition of Jøtul Group, a manufacturer of residential stoves and fireplaces, from Ratos AB, a Swedish listed investment company. Headquartered in Fredrikstad, Norway, Jøtul was founded in 1853. Jøtul products include cast iron and metal sheet stoves, inserts and fireplaces fueled by wood, gas and pellets. Products are sold under the brand names Jøtul, Scan, Atra and Ild, and are distributed in 45 countries across Europe, North America and Asia primarily through networks of exclusive and multi-brand specialty dealers.

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