Jason Industries completes sale of fiber solutions

Freeman Staff

Sept. 1, 2019

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 13 countries.

To learn more, visit www.jasoninc.com.