A surface treatment products supplier is moving its North American administrative offices from Ohio to its Richmond operation. Jason Finishing Group, a unit of Milwaukee-based Jason Industries Inc., expects the move to create up to 34 jobs this year.

March 12, 2015

News Release

Richmond, Ind. — Today at the Indiana Economic Development Corporation's board of directors meeting, executives from Jason Finishing Group, a unit of Milwaukee-headquartered Jason Industries, Inc. that includes brands in the finishing segment such as Osborn, Jackson Lea, Lippert-Unipol and Sealeze, announced plans to relocate its North American administrative offices from Cleveland, Ohio to Richmond, Indiana. The relocation is expected to create up to 34 new jobs by 2015.

“Indiana has developed into a booming home for business,” said Governor Mike Pence. “Companies choose to grow here—and in the case of Osborn, move their administrative offices here—because the Hoosier State offers the affordable business climate and skilled workforce they need to thrive. The future is bright for both Osborn International and Indiana, the state that works.”

Jason Finishing Group, which holds global headquarters in Burgwald, Germany, intends to construct and equip a 7,400 square-foot addition to its existing 180,000 square-foot facility in Richmond. Breaking ground on the addition this year, Jason Finishing Group expects the relocation transition from Ohio to Indiana to be finalized by late spring.

The company, which currently has more than 1,500 employees around the world, including more than 360 across the nation and 200 in Indiana, plans to begin hiring for sales, customer service, finance, engineering and marketing positions throughout the year. Interested applicants can apply at www.Osborn.com.

“Jason Finishing Group has had great success in Richmond, which has led to it becoming the hub of our North American manufacturing presence,” said Dr. Florestan von Boxberg, president of Jason Finishing Group.”By consolidating operations here, we are better able to leverage the collective strength of Jason Finishing Group's U.S. workforce while encouraging greater employee collaboration. We're excited to continue growing in the state of Indiana.”

With the founding of its lead brand, Osborn, in 1887 and with a presence in Richmond since 2004, Jason Finishing Group provides high-quality technical and maintenance brushes, polishing buffs and compounds for hundreds of commercial and consumer applications. Operating in 14 countries, Jason Finishing Group manufactures more than 10,000 standard products and 100,000 custom solutions.

The Indiana Economic Development Corporation offered Jason Finishing Group up to $475,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Wayne County approved additional incentives at the request of the Economic Development Corporation of Wayne County.

“The city of Richmond is extremely excited to welcome Osborn International's North American administrative offices,” said Richmond Mayor Sally Hutton. “We are happy to have Osborn International in our community and are even happier that they are again looking to expand and bring additional jobs and investment to their operation here. We look forward to working with them in the future.”

German subsidiaries alone are responsible for the creation of 12,500 jobs within the Hoosier economy, including Jaeger Unitech, VOSS Automotive, Zentis, Knauff Insulation, PMG Indiana LLC, Robert Bosch, Freudenberg & Co., Siemens and ThyssenKrupp, each of which have operated production sites in Indiana for years. Last year, Governor Mike Pence led a delegation of Hoosiers to Germany on an economic development mission to bring jobs and investment to Indiana.

About Jason Industries

Jason Industries, Inc. is parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Ind. and Burgwald, Germany) and Sealeze (Richmond, Va.). All Jason companies utilize the Jason Business System, a collaborative manufacturing strategy applicable to a diverse group of companies that includes business principles and processes to ensure best-in-class results and collective strength. Headquartered in Milwaukee, Wis., Jason employs more than 4,000 individuals in 14 countries.

About IEDC

Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Source: Indiana Economic Development Corp.

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