Jason Industries Inc. has acquired a German company that makes cutting and grinding discs for $34.5 million and $11.2 million in assumed liabilities, the company said Monday.

Dronco GmbH, of Bavaria, Germany, will be added to Jason's division that makes brushes, polishing tools and compounds, Jason said.

With the addition of Dronco, Milwaukee-based Jason now expects 2015 sales of $708 million to $723 million, up from a previous range of $685 million to $700 million.