The 2020 Mid-Year Economic Update_long

Jackson Safety Buys Chinese Manufacturer

Jackson Products, Inc., St. Louis, MO, manufacturer and distributor of personal and traffic safety products, has agreed to buy a 70% stake in Changzhou Shine Science &Technology Co., Ltd., of China for an undisclosed amount. Based in Shanghai, Shine is a manufacturer of welding safety products.
 
This acquisition supports our global strategy of being the preferred supplier of safety products. Shine's innovative products, broadens our welding product offering and strengthens our position as the number one manufacturer of auto-darkening filters," said President and CEO Tom Burns. "The acquisition of Shine will also provide us a manufacturing base in Asia and adds Shine's excellent engineering talent that will complement our own expertise in auto-darkening ...

Jackson Products, Inc., St. Louis, MO, manufacturer and distributor of personal and traffic safety products, has agreed to buy a 70% stake in Changzhou Shine Science &Technology Co., Ltd., of China for an undisclosed amount. Based in Shanghai, Shine is a manufacturer of welding safety products.
 
This acquisition supports our global strategy of being the preferred supplier of safety products. Shine’s innovative products, broadens our welding product offering and strengthens our position as the number one manufacturer of auto-darkening filters,” said President and CEO Tom Burns. “The acquisition of Shine will also provide us a manufacturing base in Asia and adds Shine’s excellent engineering talent that will complement our own expertise in auto-darkening technology.”

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