The 2020 Mid-Year Economic Update_long

Jason Industries Sells Metalex Business to UPG

The acquisition significantly enhances UPGs portfolio with a suite of new products and Morton's two facilities in Illinois and Mexico.

Jason Industries Inc., Milwaukee, Wisconsin, (Nasdaq:JASN, JASNW), parent company to a global family of manufacturers in the seating, finishing, automotive acoustics and components markets, has sold its Jason's Metalex business, Libertyville, Illinois, within its Engineered Components segment, to Morton Global for approximately $5 million in cash, effective immediately.

Metalex is a manufacturer of expanded metal, perforated metal, perforated tubes, spiral tubes, filter mesh, grating and architectural metal. Morton Global is a subsidiary of UPG Enterprises, an operator of a set of industrial companies focused on metals, manufacturing, distribution and logistics.

“The divestiture of Metalex further simplifies our portfolio to the remaining Osborn and Milsco businesses, Jason’s two pillars due to their market leadership, diverse sources of revenue and scalability,” said Brian Kobylinski, chairman and CEO of Jason. “We thank our Metalex employees for their hard work and wish them continued success as part of the UPG organization.”

The acquisition significantly enhances UPG’s portfolio with a suite of new products and Morton's two facilities in Illinois and Mexico.

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.