Exhibit 99.1
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| FOR IMMEDIATE RELEASE | For more information, contact: Stacey Stark 414.248.3626 sstark@jasoninc.com | |
MILSCO MANUFACTURING RECOGNIZED AS A LEADING SUPPLIER BY
HARLEY-DAVIDSON INDIA
Award celebrates excellence related to seating solutions for Street™ 500 and Street™ 750 motorcycles
MILWAUKEE (APRIL 17, 2014) – Milsco Manufacturing, a Jason Incorporated company, has been honored by Harley-Davidson India with a supplier recognition award for the company’s work related to the Harley-Davidson Street™ 500 and Street™ 750 motorcycles. The award was presented to an elite group of seven outstanding suppliers on March 12 in Delhi as part of an event to celebrate the launch of the Harley-Davidson Street™motorcycles. Milsco has supplied seats to Harley-Davidson Motor Company since 1934.
The honor comes in recognition of Milsco’s efforts to offer the highest level of customer service while ensuring outstanding quality, competitive cost and on-time delivery of seating solutions for Harley-Davidson motorcycles launched in India. The honored team is comprised of Milsco employees from around the globe, including engineers and program managers at the company’s Aurangabad campus, which is shared with Osborn, a fellow Jason company; Milwaukee headquarters; Redgranite, Wisconsin plant; and Mexico manufacturing operation. Milsco’s eligibility for the award was based on the company’s performance using the Harley-Davidson Supplier Systems Evaluation tool, through which Milsco India received an overall score of 96%—one of the highest ratings among all Harley-Davidson India suppliers.
“It is a rewarding privilege to be ranked as one of Harley-Davidson India’s top suppliers,” said Sandeep Sharma, Focus Factory Manager at Milsco India, who received the award on behalf of the company. “Our team strives to evaluate our performance each day from the customer’s perspective, a mindset that has allowed us to deliver superior results in all areas. While Harley-Davidson has continuously set the bar high, they’ve also championed our success along the way. We look forward to adding many more years to our long-standing partnership with the company.”
Milsco Honored as Top Harley-Davidson India Supplier
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About Milsco
Milsco is a leader in the design and manufacture of innovative seating solutions utilized in powersports, marine, turfcare, heavy equipment and agricultural applications. The company’s OEM partners include some of the world’s most recognizable brand names.
Founded in 1924 and headquartered in Milwaukee, Wis., Milsco produces more than three million seats annually at its facilities located in Redgranite, Wis.; Jackson, Mich.; Thomson, Ga.; Merida, Mexico; and Nuneaton, United Kingdom. To learn more about the company, visit www.milsco.com.
About Jason Incorporated
Jason Incorporated 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 (Cleveland, Ohio 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 15 countries. To learn more, visitwww.jasoninc.com.
Additional Background on Recently Announced Jason Incorporated Transaction with QPAC
On March 17, 2014, Jason Incorporated, which is owned primarily by funds managed by Saw Mill Capital LLC, Falcon Investment Advisors, LLC and other investors announced plans to merge with Quinpario Acquisition Corp. (“QPAC”) (NASDAQ: QPAC; QPACU; QPACW), a special purpose acquisition company. Following the merger, QPAC will be renamed Jason Industries, Inc. and the combined company’s common stock will be listed on the Nasdaq Stock Market following the merger.
The description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the definitive agreement relating to the transaction, a copy of which was filed by QPAC with the SEC on Form 8-K on March 18, 2014.
Additional Information About The Transaction And Where To Find It
The proposed business combination will be submitted to shareholders of QPAC for their consideration.
Shareholders are urged to read the definitive proxy statement regarding the proposed business combination when it becomes available because it will contain important information for QPAC’s shareholders to consider. Shareholders will be able to obtain a free copy of the proxy statement as well as other filings containing information about QPAC and the business combination, without charge, at the Securities Exchange Commission’s (“SEC”) Internet site (www.sec.gov). You will also be able to obtain these documents, free of charge, by accessing the Company’s website (www.quinpario.com).
Copies of the proxy statement and other filings with the SEC that will be incorporated by reference in the proxy statement can also be obtained, without charge, by directing a request to Paul J. Berra III, Vice President, General Counsel and Secretary, 12935 N. Forty Drive, St. Louis, Missouri 63141.
Milsco Honored as Top Harley-Davidson India Supplier
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Participants in the Solicitation
QPAC and its directors and officers may be deemed participants in the solicitation of proxies to QPAC’s stockholders with respect to the transaction. A list of the names of those directors and officers and a description of their interests in QPAC is contained in QPAC’s annual report on Form 10-K for the fiscal year ended December 31, 2013, which was filed with the SEC, and will also be contained in the in the proxy statement for the proposed business combination when available. Information about Jason and Jason’s officers and directors will also be included therein.
Forward-looking Statements
This news release may include forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that Quinpario Acquisition Corp. expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as “believe” and “expect.” These statements are based on certain assumptions and analyses made by Quinpario Acquisition Corp. in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform to Quinpario Acquisition Corp.‘s expectations and predictions is subject to a number of risks and uncertainties and depend on a number of factors such as, but not limited to, the ability to satisfy closing conditions indicated including shareholder and other approvals and the performances of QPAC and Jason and those factors identified in QPAC’s Annual Report on Form 10-K for the year ended December 31, 2013 (available at www.sec.gov) including under the “Risk Factors” section thereof. These statements speak only as of the date they are made.
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