This page was printed from https://specialtyfabricsreview.com

Jason Industries sells fiber solutions to Motus

November 19th, 2019 / By: / Industry News

Jason Industries Inc. has completed the sale of its fiber solutions segment to Motus Integrated Technologies. The sale prices of $85 million includes up to $5 million of consideration contingent on achievement of certain performance conditions during 2019. The company expects to use the net proceeds from the sale transaction to reinvest in its remaining businesses or retire debt.