The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
Richline Group Acquires Virginia’s John C. Nordt
The jewelry company bought the manufacturer and supplier of precious metal products for an undisclosed sum, marking its second acquisition in just under a month.
New York--The Richline Group has made its second acquisition within a month’s time, announcing that it bought Virginia-based John C. Nordt Inc., effective June 1.
Terms of the deal were not disclosed.
Founded in 1872 in New York City but now based in Roanoke, Va., the firm is a manufacturer and supplier of precious metal products to the jewelry industry.
Five generations of the Nordt family have run the company in its more than 140 years of business. Richline said that Paul Nordt III, Rob Nordt Sr., and Rob Nordt Jr. will continue to lead John C. Nordt Inc.
In addition to the three Nordt family members, Richline said a “highly experienced professional management team” will also help lead the company. No further information was available by press time on the composition of that team.
In a news release issued on the acquisition, Richline Executive Vice President of Manufacturing Joe Esposito said John C. Nordt is “another important and strategic addition to (its) brands.”
The purchase of John C. Nordt is the latest in an ongoing string of acquisitions for the manufacturer and marketer, which is owned by Warren Buffett’s holding company, Berkshire Hathaway.
Late last month, Richline announced that it bought custom jewelry company Gemvara for an undisclosed sum.
The Latest
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.