Jergens Inc. Completes Sale of Subsidiary JIS to PT Solutions

For Immediate Release:

Jergens continues strategic vision focusing on core manufacturing business.

CLEVELAND, OH (August 22, 2022) – Jergens Inc., the leading manufacturer of standard tooling components, fasteners, hoist rings, vises and other work holding equipment, is announcing the sale of subsidiary JIS Distribution, LLC to diversified holding company PT Solutions is formally complete.

“Today’s announcement is a bittersweet one, but marks an exciting turning point in the story of our family business,” said Jack Schron, President of Jergens Inc. “As we look to the future of this company, it is clear that our greatest opportunities lie in manufacturing – the original roots of our business.”

This transfer of ownership comes as the result of the strategic vision that seeks to align the company’s focus on its core manufacturing business. Founded in 1942, Jergens’ innovative pioneering of lean manufacturing served to quickly expand the company into a multifaceted integrated service line complete with its own distribution division in the form of JIS. In 2020, family shareholders reached a decision to divest from their distribution business and concentrate on growing the company’s already strong position in the manufacturing market.

Schron reinforces that the family-owned company and its 400 employees remain committed to the collective mission of helping customers achieve leaner, more profitable manufacturing efficiency.

“Our shareholders remain committed to our corporate family and to our customers. We will continue to build this company on the values we demonstrate every day and will be there to support and serve our customers with the very best service,” Schron said.

For more information about the Jergens Inc. brand family and its industry-leading line of standard tooling components, fasteners, hoist rings, vises and other work holding equipment visit jergensinc.com.

About Jergens Inc.

Jergens, Inc., the leading manufacturer of standard tooling components, fasteners, hoist rings, vises and other work holding equipment. Founded in 1942, Jergens Inc. has grown into three separate operating divisions, each operating autonomously and responsible for providing value to customers in the metalworking and manufacturing industries. Jergens Inc. manufactures over 80% of what the company sells in its 130,000 sq. ft. Cleveland-based facility, guaranteeing you high quality, competitive pricing and immediate availability. For more information visit jergensinc.com.

MEDIA CONTACT:

Jack Schron

216-706-6800

Jack.schronjr@jergensinc.com

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