MILWAUKEE (June 1, 2015) - Jason Industries, Inc., announced that it has acquired DRONCO GmbH (DRONCO), one of Europe's leading manufacturers of abrasives, for approximately [Eur]32 million in cash and [Eur]10 million of assumed liabilities.
With approximately [Eur]40 million of revenue, DRONCO will be integrated into Jason's Finishing segment, the leading global producer of technical and maintenance brushes, polishing tools and compounds.