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Steel Partners Japan Strategic Fund (Offshore), L.P.
I will be very interested to see if anyone from Rinnaire contacts me about the above comment. Given that Rinnaire is a Japanese company I have high expectations that they will fix their issue.
German industrial giant Bosch confirms the investment of 100 million Eros in Japan appliance and tankless water heater manufacturer Rinnai.
I lived in Japan for 5 years and used Rinnai heaters in my apartments there.
Recently Noritz’s largest stockholders issued a blunt appeal to management. Steel Partners Japan urges Noritz to include value enhancement steps in business plan.
Comment
Noritz says they are number one in tankless "technology" but they are a distance second in the US market