The 2020 Mid-Year Economic Update_long

Jason Industries Acquires Matchless Metal Polish Company

The business will be integrated into Jasons Industrial segment within Osborn.

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 acquired the Matchless Metal Polish Company, Chicago. The transaction is valued at $5 million.

Matchless provides a full line of metal finishing products and services including buffing compounds, buffing wheels, abrasives and chemicals with annual sales of $8 million. 

The acquisition will further expand Jason’s polishing product line offerings within North America. The business will be integrated into Jason’s Industrial segment within Osborn, a global provider of solutions for surface preparation and finishing, cleaning and containment, and material and structural positioning, with product lines including brushes, polishing buffs and compounds, abrasives and roller technology.

“Matchless reinforces our strategy to execute core tuck-in acquisitions that possess multiple facets of synergy,” said Brian Kobylinski, chairman and CEO of Jason Industries. “Combining both Matchless and our recent Schaffner acquisition into our Industrial segment creates the widest range of technical polishing solutions available and firmly establishes Osborn’s leading position in the market.”

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.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

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

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 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

1

article
left

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 mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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