ETNA Products announces the acquisition of JTM Product’s metalworking fluids line.
Established in 1943, ETNA Products, Inc. located in Chagrin Falls, Ohio is a world leader in the development and production of lubricants for non-ferrous drawing and stamping. ETNA is fourth generation, WBENC-certified woman-owned private business. JTM Products located in Solon, Ohio is a technology leader in the metalworking fluids business.
Mike Washington, ETNA’s President said “The JTM metalworking product line brings state of the art technology to ETNA as well as a world class distribution network. We believe that these core competencies are a great fit with ETNA’s state of the art manufacturing and R&D center. We will continue to evaluate additional strategic acquisitions.”
ETNA’s CEO Catharine Golden stated, “This is another step in our growth plan that includes a combination of organic growth and acquisitions. We plan to break ground on phase two of our plant expansion this spring to accommodate future growth moves. ETNA has an aggressive growth strategy that includes both organic growth and strategic acquisitions. JTM’s Metalworking line is a great addition and an important step in this process.”