Hempel’s Acquisition of Jones-Blair Co. Approved
LYNGBY, Denmark - The global coatings producer Hempel has closed its previously announced acquisition of Jones-Blair Co., a North American supplier for the protective and waterproofing markets. The acquisition is Hempel’s third in the last four months.
One of Hempel’s key objectives is to strengthen its presence in North America through organic growth and acquisitions. The acquisition of Jones-Blair Co., Dallas, TX, supports this objective by accelerating Hempel’s growth in the region within its strategic segments.
Hempel’s Group President and CEO Pierre-Yves Jullien commented, “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. 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.”
Jones-Blair’s business is focused on two distinct markets: oil and gas (industrial coatings) and construction, especially waterproofing, through the NEOGARD brand.
Jones-Blair’s manufacturing facility in Dallas will remain operational and will complement production at Hempel’s factory in Conroe, TX. 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.
With the acquisition of Jones-Blair Co., Hempel is adjusting its organizational 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 organization in North America.