Professional Paint Inc. Expands Group of Companies with Jones-Blair Acquisition
DALLAS - The Jones-Blair Co. announced an agreement to sell the majority of the company's operating assets to a newly formed, wholly owned subsidiary of Professional Paint Inc. for an undisclosed purchase price. The companies said completion of the transaction is expected by April.
Dallas-based Jones-Blair, with annual sales of more than $70 million, sells paint and coatings products at 27 company-owned service centers in Texas and in the Chattanooga, TN, area. The company, founded in 1928, manufactures a range of architectural and industrial coatings and the Neogard brand of elastomeric waterproofing, roof, floor, and deck coatings.