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.”