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Jason Industries sells fiber solutions to Motus

Industry News | November 19, 2019 | By:

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.

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