The Richline Group has announced its purchase of John C. Nordt, a Virginia-based manufacturer and supplier of precious metal products to the jewellery industry.
“Nordt is another important and strategic addition to our brands,” says Joe Esposito, Richline’s EVP of manufacturing. “The firm’s unique and successful business model is a tribute to the leadership of the Nordt family.”
Esposito adds that Nordt will be integrated with the group’s LeachGarner business unit—a precious metal supplier—in order to accelerate the company’s growth into the PGM industrial markets.
“The combination of Nordt’s proprietary process technology and LeachGarner’s scale is unique in the precious metal industry,” adds Joe White, president of LeachGarner. “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.”
Nordt, which has been lead by its namesake family for 140 years, will continue to be led by Paul Nordt III, Rob Nordt Sr., and Rob Nordt Jr.
“Richline’s strength will enhance the core corporate capability brought to our customers, including our unique and proprietary processes for precious metals,” says Paul Nordt. “We have long been proud of the creation of products of extreme precision and adaptability for the jewellery industry.”