Penfund-owned JET Group buys Sellstrom Manufacturing
The JET Group has acquired Sellstrom Manufacturing Co, a maker of personal safety equipment based in Schaumburg, Illinois. No financial terms were disclosed. JET Group, a marketer and distributor of tools and equipment to industrial, construction, safety, welding and automotive markets, said the acquisition adds to its product portfolio. It will also create opportunities for growth in the United States and globally, the company said. Based in Vancouver, JET Group and its affiliates were acquired by Penfund, a Canadian private equity firm, from Diamond Investment Group Ltd in November 2012.
16 November 2015•2 mins read
