Jason Industries Acquires Matchless Metal Polish Company
Through the acquisition of Matchless, Jason will further expand its polishing product line offerings within North America.
Jason Industries Inc. (Milwaukee, Wisc., U.S.) has acquired the Matchless Metal Polish Company (Chicago, Ill., U.S.) in an all-cash transaction valued at $5 million.
Founded in 1885, The Matchless Metal Polish Company provides a full line of metal finishing products and services including buffing compounds, buffing wheels, abrasives and chemicals with annual sales of approximately $8 million.
Through the acquisition of Matchless, Jason will further expand its polishing product line offerings within North America. The business will be integrated into Jason’s Industrial segment within Osborn (Richmond, Ind., U.S.), 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.
“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,” says Brian Kobylinski, Chairman and CEO.
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