Motus Integrated Technologies, a Tier 1 and Tier 2 supplier of automotive interior products, announced it has signed a definitive agreement to acquire Janesville Fiber Solutions, a division of Jason Industries.
Motus is expected to close the transaction late in the third quarter.
In a news release, Motus described Janesville as “a pioneer in the production of high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications.” With more than 1,000 employees, Janesville has operations 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 Shannon White, president and chief executive officer of Motus. “Both Motus and Janesville are recognized 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 product solutions that meet increasing demands for interior quality and design innovation.”
Motus is a Holland, Michigan-based provider of automotive headliners and interior door and console armrests to OEMs and Tier 1s. Motus has more than 2,000 employees and five manufacturing facilities. In addition, the company recently announced the construction of a new $15 million plant in Gadsden, Alabama, which is expected to begin operations in mid 2020.
Motus said it plans to work closely with Janesville and Jason to seamlessly transition the business. Upon closing, leaders and key members of the Janesville organization will join the Motus leadership team.
“Motus is a good, strategic home for Janesville and its employees,” said Brian Kobylinski, chairman and chief executive officer of Jason. “We are confident that Motus will elevate the business and create more value for our customers through high-performance product offerings.”