Jason Industries acquires Matchless Metal Polish Company
Jason Industries has acquired the Matchless Metal Polish Company in an all cash transaction valued at $5 million.
Founded in 1885 and headquartered in Chicago, Matchless 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, Jason will further expand its polishing product line offerings within North America. The business will be integrated into Jason’s Industrial segment within Osborn, 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.
“Matchless reinforces our strategy to execute core tuck-in acquisitions that possess multiple facets of synergy,” said Brian Kobylinski, chairman and CEO of Jason Industries. “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.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
