PRESS RELEASE
02 February 2015
Hempel to acquire Jones-Blair Company
Today, Hempel announced the signing of a binding agreement to acquire Jones-Blair
Company, a leading North American supplier for the protective and waterproofing
markets. With the proposed acquisition, Hempel can look forward to a significant
expansion of its North American business in accordance with its global growth strategy.
With the proposed acquisition of Jones-Blair Company (located in Dallas, Texas), Danishbased Hempel would support its main objective to further strengthen its presence in its strategic
segments in North America through organic growth and acquisitions.
Hempel’s Group President and CEO Pierre-Yves Jullien comments: “Jones-Blair is a company
that we have been following for years and we finally got the chance to acquire it. Jones-Blair
has proven to be one of the best coatings manufacturers in the region. It 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 becoming one of the world’s top-10 largest coatings suppliers by the end of 2015.”
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
company’s product portfolios complement each other perfectly. “By combining our strengths,
we can serve our customers better and with more complete solutions compared to what each of
us could do on our own,” he says. “The acquisition will provide Hempel with a solid and diverse
platform for the continued development of our business in the region.”
The Jones-Blair Board of Directors is happy about the future ownership. Jones-Blair’s CEO,
Jeff Powell, comments: “We are honoured that Hempel has shown interest and trust in us. We
look forward to fulfilling Hempel’s ambitions. At the same time, we are happy that Jones-Blair’s
future development is now secured. Both we and Hempel will grow in North America and
globally.”
The transaction is expected to close in early March 2015, subject to regulatory approval.
Hempel acquired the US-based protective coatings manufacturer Blome International Inc. in
2012. Hempel has seen significant growth in the Americas as a result and many Blome
products are now available to Hempel’s global customers.
At the end of 2014, Hempel completed its latest acquisition when it acquired Schaepman, a
Dutch coatings manufacturer.
Per mutual agreement, neither party will give further details about the proposed acquisition prior
to regulatory approval. Terms of the sale will remain undisclosed.
……………………
ENDS
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PRESS RELEASE
Hempel media contact:
Hempel A/S:
Mariana Contreras Kristensen
Group Communication Manager
Phone: +45 45273595
Mobile: +45 3150 5990
mack@hempel.com
Notes to editors:
About Hempel
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. Hempel
owns, among other companies, Crown Paints, Blome International Inc. and Schaepman.
With a focus on R&D, advanced production techniques and professional coatings advice, we
work around the globe to help keep our customers’ investments safe and attractive for a long
time. Our working concept is simple: We are curious, creative and self-critical, and we always
aim to create extra value for our customers.
www.hempel.com
About Jones-Blair
Jones-Blair Company is a fully integrated research, manufacturing and marketing organisation
headquartered in Dallas, Texas. Jones-Blair consists of two divisions: (1) JONES-BLAIR High
Performance Coatings for industrial OEM, maintenance applications and corporate re-imaging
coatings, and (2) NEOGARD surface-applied waterproofing, seamless epoxy flooring,
elastomeric roofing and wall coating systems.
Since 1928 Jones-Blair’s mission has been to provide the business community with the highest
quality products accompanied by unparalleled customer service. Its record of longevity and
growth speaks volumes about the accomplishment of these simply stated goals; however,
customers deserve to know the business philosophy that drives the company’s success. After
all, any product, sold to any customer, has but one purpose – to provide a solution to a
problem.
www.jones-blair.com
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PRESS RELEASE
Fact sheet - Hempel
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Hempel is a world-leading coatings supplier working in the decorative, protective,
marine, container and yacht markets
Hempel’s coatings help protect man-made structures – from wind turbines and bridges
to ships and homes – from the corrosive forces of nature
Hempel has 25 factories, 48 sales offices and more than 150 stock points
Present in more than 80 countries, Hempel employs over 5,200 people
Hempel owns Crown Paints, Blome International Inc. and Schaepman.
Hempel financials for 2013:
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Revenues of USD 1,645 million
EBITDA of USD 219 million, highest in Group history
Operating profit rose from USD 110 million to USD 165 million
Net profit increased by USD 39 million to USD 86 million
Fact sheet – Jones-Blair
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Jones-Blair is a niche coating supplier working in the Oil & Gas, Protective,
Waterproofing, Roofing, and Flooring markets
Jones-Blair’s coatings help protect steel and concrete structures such as oil field
equipment, heavy equipment, parking structures and stadiums
Jones-Blair is vertically integrated and they develop and manufacture many of their own
proprietary resins
Located in Dallas, Texas – Jones-Blair employees 200+ people
Jones-Blair markets their coatings under the Jones-Blair Industrial and NEOGARD
Construction Coatings brands
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