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 geographic
footprint strengthens our product portfolio and provides new ways
to bring value to the customers we serve. We are thrilled to
welcome Janesville's associates and customers to the Motus
family."
Motus operates globally with more than 2,000 associates in five
facilities in North America and
Europe. The Janesville acquisition
adds eight North American facilities and over 1,000 associates.
About Motus Integrated Technologies
Motus Integrated
Technologies is a privately held Tier 1 and Tier 2 supplier of
automotive interior products to the world's automakers. More than
2,000 Motus associates produce high-performance headliners,
overhead systems, interior door and console armrests for the global
automotive market from state-of-the-art manufacturing facilities
located in North America and
Europe. For more information,
visit www.motusintegrated.com.
About Janesville Fiber Solutions
Janesville Fiber
Solutions is one of the world's largest producers of acoustical and
thermal fiber insulation for a variety of automotive applications.
Founded in 1874, the company is based in Southfield, Michigan with manufacturing plants
and satellite offices in Michigan,
Mississippi, Missouri, North
Carolina and Mexico.
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SOURCE Motus Integrated Technologies