Hempel's acquisition of Jones Blair Company approved
The global coatings producer Hempel announced today that it has closed its previously announced acquisition of Jones-Blair Company, a leading North American supplier for the protective and waterproofing markets. In line with Hempel’s global growth strategy, the acquisition will provide Hempel with a solid and diverse platform for the continued development of its business in North America, the Company said Thursday in a press release.
Per mutual agreement, terms of the sale are undisclosed.
One of Hempel’s key objectives is to strengthen its presence in North America through organic growth and acquisitions. The acquisition of Jones-Blair Company, located in Dallas, Texas, supports this objective by accelerating Hempel’s growth in the region within its strategic segments.
This acquisition is Hempel’s third in the last four months. In December 2014, Hempel acquired Schaepman, a Dutch supplier of specialised 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.
According to Kim Junge Andersen, Hempel’s Group Executive Vice President & CFO, the two companies’ product portfolios complement each other perfectly.
Jones-Blair’s manufacturing facility in Dallas, Texas, will remain operational and will complement production at Hempel’s factory in Conroe, Texas.
The new plant in Dallas becomes Hempel’s 27th factory and is one of four new factories that Hempel has added to its worldwide production footprint since 2014, as part of its One Hempel – One Ambition growth strategy.
Back in 2012, Hempel acquired the US-based protective coatings manufacturer Blome International Inc. Hempel has seen significant growth in the Americas as a result and many Blome products are now available to Hempel’s global customers.
Further to the acquisition of Jones-Blair Company, Hempel is adjusting its organisational structure in order to continue to improve its market position in the Americas. Jeff Powell will become a Hempel Group Vice President and will take over responsibility for Hempel’s organisation in North America.
Hempel is a world-leading coatings supplier for the decorative, protective, marine, container and yacht markets. From wind turbines and bridges to hospitals, ships, power stations and homes, our coatings protect man-made structures from the corrosive forces of nature. With a focus on R&D, advanced production techniques and professional coating advice, we work around the globe to help keep our customers’ investments safe and beautiful for longer. Our working concept is simple: we are curious, creative and self-critical, and always aim to create extra value for our customers.
