Company News / Breaking News

Professional Paint Completes Jones-Blair Purchase

June 30, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
DENVER -- Professional Paint Inc. and Jones-Blair Co. announced the completion of Professional Paint's acquisition of Jones-Blair's 27 service centers and related dealer-distribution operations through Professional Paint's newly formed, wholly owned subsidiary Stellar Kwal Paint.

The service centers, located in Texas, Alabama, Georgia, and Tennessee, will be operated under the Stellar Kwal Paint name. Professional Paint's five existing Stellar Paint service centers, in Dallas-Fort Worth, will be combined with Jones-Blair retail stores. Stellar Kwal will continue to sell Jones-Blair brand products. Professional Paint said the acquisition expands its retail operations to 275 service centers for contractor and consumer products in the western United States and Canada.

Jones-Blair's retail stores are concentrated in Texas, and are located in Dallas, Houston, San Antonio, Austin, Brownsville, Waco, Amarillo, and Waco. Other Jones-Blair stores are in Chattanooga, TN, and Birmingham, AL.

Dallas-based Jones-Blair said the sale is the result of a strategic decision to divest its architectural-paint business, which sells products to painting contractors and consumers, and to focus on its two core businesses -- Neogard and Industrial Coatings. The Neogard business is a producer of waterproofing, roofing, wall, and floor coatings.

Kent Child, president of Professional Paint, said his company had originally planned to acquire essentially all of Jones-Blair's operations when plans for the deal were originally announced last year. The companies agreed during negotiations, however, that the purchase would include only Jones-Blair's architectural-paint business. "That's really the focus of our business," Child said.

The acquisition does not include any Jones-Blair manufacturing operations, and Child said production would be shifted to existing Professional Paint locations; the company operates five production plants. "We have plenty of capacity," Child said.

Professional Paint, based in Denver, is the parent company of six other regional paint companies, including Frazee Paint, San Diego; General Paint, Vancouver, British Columbia; Hanley Paint, El Paso, TX; Kwal Paint, Denver; Parker Paint, Tacoma, WA; and Sophir-Morris Paint, Omaha.

Professional Paint said the Jones-Blair purchase reflects its strategy to acquire paint companies that offer access to new growth markets with established regional brands.

Did you enjoy this article? Click here to subscribe to PCI Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Coatings Trends & Technologies 2012

This event took place September 11-12, 2012 at the DoubleTree Hotel Chicago in Oak Brook, IL. CTT is a 1 1/2-day, comprehensive program that covers the most current coatings technology in short, informative technical sessions, and provides a resource-rich exhibition area for formulators, chemists and raw materials suppliers to make meaningful connections and conduct business.

Podcasts

PCI Magazine

pci august 2014

2014 August

The August issue focuses on transportation coatings for marine and automotive applications, as well as new binder technology, and manufacturing, testing and curing equipment.

Table Of Contents Subscribe

Learning New Information

What's your preferred method for learning new information?
View Results Poll Archive

THE PCI STORE

PCI-Cover0613-120px.jpg
PCI Additives Reference Guide

Encyclopedia of information on the properties and uses of coatings additives.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Virtual Brochures

PageCollageClick on the Virtual Brochures page to view multiple categories that list downloadable product literature from leading industry suppliers.

STAY CONNECTED

FacebookTwitterYouTubeLinkedIngoogle plus