Jason Inc. acquires Herold Partco Manufcturing
Jason Inc. acquired the manufacturing assets and customer list from Cleveland-based Herold Partco on March 25.
Herold Partco products will be manufactured and distributed by Osborn, a unit of Jason Inc.
“This move is a great step in continuing to build Osborn’s leadership in the North American market,” said Mark Johnson, vice president of sales and marketing at Osborn. “The products coming under our brand will be excellent additions to Osborn’s offerings, providing even more solutions to existing customers. Current Herold Partco customers will now benefit from the depth and breadth of the Osborn product lines, creating significant mutual gain.”
The acquisition was part of Jason’s growth strategy, expanding through acquiring companies that fit well within the existing companies and complement the current product lineup.
“As part of our dedication to providing customers with best-in-class solutions, we are continuously looking for opportunities to expand our product offering,” said Dr. Florestan von Boxberg, president of Jason Finishing Group. “In acquiring the manufacturing assets of Herold Partco, we broaden our catalog in the area of power brushes, thereby creating increased value for our current customers and those of Herold Partco, while further solidifying our market-leading position.”
Herold Partco manufacturing equipment will be relocated to Osborn’s plant in Richmond, Ind. and production of Herold Partco products will resume.
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.
