Motus Integrated Technologies, a Tier 1 and Tier 2 supplier of automotive interior products, said it had signed an agreement to acquire Janesville Fiber Solutions, a division of Jason Industries.
Motus expects to close the transaction late in this third quarter of 2019.
Go deeper with GlobalData
Janesville is a pioneer in the production of high-performance engineered acoustical and thermal fibre products for a variety of automotive applications.
Its 1,000 workers operate from locations in Michigan, Mississippi, Missouri, North Carolina and Mexico.
"With this acquisition, Motus' portfolio of innovative interior offerings and advanced manufacturing facilities continues to expand and benefit our customers around the world," said president and chief executive officer Shannon White.
"Both Motus and Janesville are recognised industry leaders in compression forming. Janesville's expertise in materials, strong customer relationships and complementary footprint will enable us to offer our customers more innovative, lightweight products that meet increasing demands for interior quality and design innovation."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMotus supplies headliners, interior door and console armrests to OEMs and Tier 1s. It claims to hold a leading market position in this sector and to have one of the industry's broadest and most technologically advanced product lines.
Motus operates global manufacturing with 2,000 workers operating from five current facilities.
The company recently announced construction of a new US$15m plant in Gadsden, Alabama, which is expected to begin operations in mid-2020.
Motus plans to work closely with Janesville and Jason to seamlessly integrate the business. Upon closing, managers and key members of the Janesville organisation will join Motus management, ensuring reliability and consistency during the transition process.
"Motus is a good, strategic home for Janesville and its employees," said Brian Kobylinski, chairman and CEO of Jason.
"We are confident that Motus will elevate the business and create more value for our customers through high-performance product offerings."
