Winston & Strawn LLP advised Motus Integrated Technologies on the deal
Motus Integrated Technologies, a Tier 1 and Tier 2 supplier of automotive interior products to the world’s automakers, has signed a definitive agreement to acquire Janesville Fiber Solutions, a division of Jason Industries, Inc. (NASDAQ: JASN). Motus is expected to close the transaction late in the third quarter.
Janesville is a pioneer in the production of high-performance engineered acoustical and thermal fiber solutions for a variety of automotive applications. Janesville’s more than 1,000 associates operate from locations in Michigan, Mississippi, Missouri, North Carolina and Mexico.
Motus is a leading provider of headliners, automotive interior door and console armrests to the world’s leading Original Equipment Manufacturers (“OEMs”) and Tier 1’s. It holds a leading market position in this sector and has one of the industry’s broadest and most technologically advanced product portfolios. Motus operates a global manufacturing platform with more than 2,000 associates operating from its five current 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 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, ensuring reliability and consistency during the transition process.
The Winston & Strawn team advising Motus was led by Christopher Zochowski (Picture), with associates Brad Noojin, Connor Pine and David Valk, along with partners Becky Troutman, Eleni Kouimelis, Peter Alfano, Scott Landau, Rob Heller, Bill Lang, Richard Falek and Conor Reidy.
Involved fees earner: Peter Alfano – Winston & Strawn; Richard Falek – Winston & Strawn; Robert Heller – Winston & Strawn; Eleni Kouimelis – Winston & Strawn; Scott Landau – Winston & Strawn; William Lang – Winston & Strawn; Bradley Noojin – Winston & Strawn; Conner Pine – Winston & Strawn; Conor Reidy – Winston & Strawn; Becky Troutman – Winston & Strawn; David Valk – Winston & Strawn; Christopher Zochowski – Winston & Strawn;
Law Firms: Winston & Strawn;
Clients: Motus Integrated Technologies;