Motus Integrated Technologies Acquires Janesville Fiber Solutions
JASON INDUSTRIES (JASN)
Last jason industries earnings: 5/2 08:00 am
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Source: PR Newswire
HOLLAND, Mich., Aug. 30, 2019 /PRNewswire/ -- Motus Integrated Technologies ("Motus"), a Tier 1 and Tier 2 supplier of automotive interior products, today closed its previously announced acquisition of Janesville Fiber Solutions ("Janesville"), formally a division of Jason Industries, Inc. ("Jason") (NASDAQ: JASN). Motus is a leading provider of headliners, overhead systems, and automotive interior door and console armrests to the world's leading Original Equipment Manufacturers ("OEMs") and Tier 1 Suppliers. With this acquisition, Motus adds Janesville's innovative high-performance engineered acoustical and thermal fiber automotive solutions. The deal expands Motus' leadership in the sector with one of the industry's broadest and most technologically advanced product portfolios. "Motus brings unmatched innovation and value to its customers and the industry," said Shannon White, President and Chief Executive Officer of Motus. "Janesville's complementary industry expertise and g
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