In 1926, he purchased an existing small chemical factory called Jotun. Gleditsch retired from the sea and opened a shop in Sandefjord to sell paints and provisions, but soon felt that a demand existed for ready-made paints.

During those days, paint stores usually sold pigments, turpentine and linseed oil separately, leaving it to purchasers to buy and mix them. The company's founder, Odd Gleditsch had worked on whaling ships and felt there was a demand for such a provider in the whaling town. Sandefjord was a popular homeport for whaling ships, which used to get laid up in port every summer for repairs and maintenance. Jotun began in the early 1920s as a paint and marine provisions merchant in Sandefjord, Norway. Jotun headquarters and R&D centre in Sandefjord, Norway History

It operated 40 factories in 21 countries and is represented in 120 countries through distributors, offices, and agents. As of January 2021, the company has a presence in more than 100 countries around the world, with more than 10,000 employees, 67 companies in 45 countries, and 40 production facilities in 21 countries.Īs of 2021, Jotun had about 10,300 employees including one thousand employees within Norway. Jotun merged with three other paint producers in 1971 and became not only Norway's largest paint producer but also one of the largest companies in Norway. Jotun manufactures paints and varnishes for marine and industrial purposes, synthetic resins, floor coverings, polyurethane foam, heavy-duty coatings, binders, unsaturated polyesters, glass-fiber reinforced polyester pipes, tanks, and more. It is one of the world's largest manufacturers of paints and coating products. Jotun is a Norwegian multinational chemicals company dealing mainly in decorative paints and performance coatings (marine, protective and powder coatings).

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