Jergens Inc. Completes Sale of Subsidiary JIS to PT Solutions

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.

 

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Equipment National Brand - Used 5x7 and 6x12 Dies - All dies meet specifications - Various…
Equipment 100 Feet of Steel Framing • Last four sections of pre-owned 1.3 mil test bed…
Equipment 300K – 62 ft. PTM SATEC • Hydraulic guards • 62’ overall length • 6’…
Equipment 100K x 40 ft. Single Range, 7.5HP Manual Control Texmate Readout, 2’ Stroke – Tube…
Equipment Refurbished 500K Lucker Wire Rope Grip • Manual Operated • Front Face Mount • 500,000…

News & Articles