MILWAUKEE — On Friday, Jason
Industries, Inc. announced the successful completion of its
previously announced sale of its fiber solutions segment to Motus
Integrated Technologies for approximately $85 million.
The sale price includes up to $5 million of consideration contingent
on achievement of certain performance conditions during 2019. The
company expects to use the net proceeds from the sale transaction to
reinvest in its remaining businesses or retire debt.
Jason Industries is the parent company to a global family of
manufacturers within the finishing, components, and seating markets.
Headquartered in Milwaukee, Jason employs more than 2,600 people in
To learn more, visit