Briarcliff Manor, NY, December 14, 2011 – Jason Incorporated, a portfolio company of Saw Mill Capital LLC, recently acquired Morton Manufacturing Company, a Libertyville, Illinois-based manufacturer of slip resistant walking surfaces. Morton will function as a stand-alone organization under the Jason Components Group. The addition of Morton to the Components portfolio allows Jason to expand its capabilities in metal conversion, increase the number of end markets it serves, and create increased value for existing customers.
Acquisitions are a key element of Jason's aggressive corporate growth strategy. "We're continuously on the search for successful businesses that complement our expertise and support our goal of being the leader in best-in-class customer solutions," said David Westgate, chairman, CEO and president of Jason Incorporated.
The transaction is Jason's first acquisition since Saw Mill Capita and Falcon Investment Advisors announced in 2010 their commitment of more than $100 million in new and unfunded capital to finance add-on acquisitions. Morton represents Jason's 14th acquisition since 2000. Jason continues to actively seek acquisitions for its four operating divisions as well as new divisional platforms. Jason considers acquisition candidates worldwide.
Jason Incorporated is parent company to a global family of manufacturing leaders within the seating, finishing, components an automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Jason Precision Components (Shanghai, China), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Morton Manufacturing (Libertyville, Ill.), Osborn (Cleveland, Ohio and Burgwalk, Germany), and Sealeze (Richmond, Va.).
All Jason companies utilize the Jason Business System, a collaborative manufacturing strategy applicable to a diverse group of companies that includes business principles and provesses to ensure best-in-class results and collective strength.
Headquartered in Milwaukee, Wis., Jason employs more than 3,600 individuals in 13 countries in 13 countries. To learn more, visit www.jasoninc.com
About Saw Mill Capital LLC
Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring business platforms with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices and provide global market expertise. In partnership with senior leadership teams, Saw Mill seeks to consummate follow-on acquisitions at its portfolio companies.