Jøtul

The sales stagnated during the depression in the 1920s, and 36-year-old Herman Anker died in 1927, leaving it to his successor, 34-year-old Johannes Gahr to modernize and eventually salvage the company.

By the 1960s, stoves using liquid fuels, especially kerosene had supplanted wood-burning appliances, a trend that was only reversed in the 1970s, partly due to the 1973 oil crisis.

Jøtul used this opportunity to gain a strong international foothold and drastically increased its exports to continental Europe and North America.

The Gahr family sold the business to Norcem in 1977, and a period of international expansion began, as Jøtul acquired a number of foundries and importers abroad.

In November 2018, OpenGate and Jøtul completed the add-on acquisition of AICO, an Italian and French based pellet-burning stove leader.