Hempel Finalizes Acquisition of Jones-Blair Company
Global coatings producer Hempel announced today that it has closed its previously announced acquisition of Jones-Blair Company, a North American protective and waterproofing market supplier. Terms of the acquisition were not disclosed.
Danish-based Hempel is seeking to strengthen its presence in North America through organic growth and acquisitions, the company said. The acquisition of Jones-Blair Company, located in Dallas, Texas, supports this objective by accelerating Hempel’s growth in the region.
We’re very pleased that we have closed this transaction. Jones-Blair has a unique market position, great technical knowledge and many years of experience," said Hempel’s Group President and CEO Pierre-Yves Jullien. “The acquisition will create the best conditions for us to achieve our objectives in North America, and also supports our goal of consolidating our position as a top global coatings supplier.”
This acquisition is Hempel’s third in the last four months. In December 2014,Hempel acquired Schaepman, a Dutch supplier of specialized industrial, protective and decorative coatings. In February 2015, it acquired its former toll manufacturer in South Africa, The Coatings Manufacturing Company.
Jones-Blair’s business is focused on two distinct markets: oil & gas (industrial coatings) and construction, especially waterproofing, through the NEOGARD brand.
"This is a win-win situation for both companies," Jones-Blair’s CEO, Jeff Powell. "Hempel’s global presence will allow us to broaden our customer, product, geographical and technological base.”
Jones-Blair’s manufacturing facility in Dallas, Texas, will remain operational and will complement production at Hempel’s factory in Conroe, Texas.