Schaffner Manufacturing: Milwaukee's Jason Industries acquires Pittsburgh manufacturer for $11 million

Milwaukee-based Jason Industries Inc. has acquired a Pittsburgh-based manufacturer to boost its Osborn business. Jason, a multi-industrial manufacturing company, has acquired Schaffner Manufacturing Co. Inc. in an all-cash transaction valued at $11 million. Schaffner manufactures polishing and finishing products, and Jason plans to integrate it into its international finishing products segment Osborn. "The acquisition of Schaffner is consistent with our strategy to grow our industrial business...