De Jong Gorredijk

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

De Jong Gorredijk - overview

Established

1859

Location

-, -, Netherlands

Primary Industry

Materials

About

De Jong Gorredijk specializes in manufacturing stainless steel hot water tanks tailored for various applications, serving diverse markets with a commitment to quality and sustainability. Founded in 1859 in the Netherlands, De Jong Gorredijk produces stainless steel hot water tanks. The company was acquired by Nordian Capital Partners from Noordelijke Participatie Maatschappij in July 2017, with financial terms undisclosed. The founder's background is not specified.


De Jong Gorredijk has a notable presence in the heating solutions sector, serving clients in Europe and beyond. De Jong Gorredijk specializes in the production of stainless steel hot water tanks, boasting a significant capacity of over 180,000 units annually. Their product range is tailored to meet the specific needs of their customers, with tank volumes ranging from 1 to 1,000 liters. These customer-specific tanks are developed through close collaboration with clients, utilizing De Jong Gorredijk's extensive experience and a dedicated Research & Development department to ensure optimal performance and quality.


The company serves a diverse client base, including residential, commercial, and industrial users across various geographical markets, with a strong presence in Europe and expanding influence in global heating solution markets. The commitment to sustainability is evident in their operations, with an emphasis on minimizing waste and assessing product life cycles to enhance environmental impact. The revenue structure of De Jong Gorredijk is derived from direct B2B transactions with partners and customers, primarily in the heating solutions sector. Business interactions typically involve customized orders for stainless steel hot water tanks, where clients engage in direct negotiations to address specific needs and specifications.


De Jong Gorredijk's focus on long-term partnerships fosters ongoing business relationships, leading to repeat orders and collaborative product development. Pricing strategies are designed to reflect the quality and customization of their offerings, positioning their products as premium solutions in the market. The company’s reputation for customer satisfaction and innovation further reinforces its competitive standing, ensuring a steady demand for its flagship products in international markets. De Jong Gorredijk plans to launch new product lines focused on enhanced energy efficiency and sustainability within the next two years.


They aim to expand their market presence in North America and Asia by 2025. The acquisition by Nordian Capital Partners in July 2017 will facilitate these initiatives by providing the necessary capital for product development and market entry strategies.


Current Investors

Nordian Capital Partners

Primary Industry

Materials

Sub Industries

Steel & Metals

Website

https://www.djg.com/

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

De Jong Gorredijk - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedDe Jong Gorredijk-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.