General

Betts Industries Acquires Majority Stake in Long-time Partner

This acquisition is characteristic of Betts’ commitment and leadership in transportation and infrastructure safety.

Warren, Penn. – (June 30, 2017) – Betts Industries today announced it has acquired a majority stake in J-Tech Incorporated, located in Chester Springs, Pennsylvania. The agreement comes as an outgrowth of collaboration stretching back more than 20 years. J-Tech has long been Betts’ exclusive, factory-approved rebuilder for their tank truck valves, and the company services valves and related components industry-wide. J-Tech is also known for its highway safety attenuator trucks, which it sells, rents and custom builds including cushion, crash and pattern trucks.

Scott Johnson, J-Tech founder and President, explains, “We are poised for growth, and Betts is coming in at just the right time in our relationship so we can meet the increasing demand for products like our attenuator trucks. Additionally, Betts will be applying their administrative, operational and accounting disciplines to what we do, which will yield additional benefit.”
   
On the Betts side, the company’s president, Clifford Betts, sees greater diversity in the Betts business portfolio, as well as a fresh dose of energy. “J-Tech is an agile, entrepreneurial company and we’re excited about the potential that’s there. It’s the bringing together of two families with the same shared values and commitment to do what’s best.”

This acquisition is characteristic of Betts’ commitment and leadership in transportation and infrastructure safety.  The combined strengths of Betts and J-Tech will enhance the presence of both companies in their respective markets, as well as position them for growth into new and emerging markets. 

About Betts Industries
Betts Industries, Inc. (bettsind.com) designs, engineers, manufactures, and supplies critical components and lighting systems for the tank truck industry. The company offers its products for multiple liquid tank, dry bulk and industrial applications. It serves customers through a network of distributors in the United States and internationally in countries such as, Australia, Canada, Chile, China, India, Mexico, Pakistan, South Korea and the United Kingdom. The company was founded in 1901 and is headquartered in Warren, Pennsylvania.

About J-Tech Incorporated
J-Tech, Inc. (JTechUSA.com) sells, rents, and custom builds attenuator trucks, including cushion, crash and pattern trucks. The company also repairs and rebuilds valves, pumps,
vents and tank wash spinners for the tank truck industry as well as other products and services through an extensive dealer network across the United States. The company was founded in 1993 and is based in Chester Springs, Pennsylvania.