Jones-Blair Company Has Been Acquired By Hempel A/S
MILWAUKEE (March 6, 2015) – Grace Matthews, Inc. (“Grace Matthews”) announced today that its client, Jones-Blair Company (“Jones-Blair”), has been acquired by Hempel A/S, a Copenhagen, Denmark-based global manufacturer of high performance coatings.
The acquisition of Jones-Blair provides Hempel with best-in-class technology, a highly complementary product portfolio, and a tenured, blue-chip customer base. Jones-Blair’s strong management team, well-respected brands, and niche market positions provide an attractive growth path for Hempel going forward.
“Hempel is a world-class, global company and partnering with Jones-Blair makes both companies stronger,” said Ben Scharff, Managing Director at Grace Matthews. “The acquisition provides both companies with key extensions in products, people, technologies and geographies, and it highlights the benefits of a true, growth-oriented acquisition. The Jones-Blair shareholders recognized that Hempel provided a win-win for all parties involved – the shareholders, the management team and employees, as well as Hempel. We are pleased to have been able to assist the Jones Blair team in generating such a positive outcome for all company stakeholders.”
ABOUT JONES-BLAIR COMPANY
Jones-Blair Company is a fully integrated research, manufacturing and marketing organization headquartered in Dallas, Texas. The company 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. For more information, visit www.jones-blair.com.
ABOUT HEMPEL A/S
Hempel A/S 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, their coatings protect man-made structures from the corrosive forces of nature. With a focus on R&D, advanced production techniques and professional coating advice, they work around the globe to help keep their customers’ investments safe and beautiful for longer. For more information, visit www.hempel.com.
ABOUT GRACE MATTHEWS, INC.
Grace Matthews, Inc., a Milwaukee, Wisconsin-based investment bank, provides merger, acquisition and corporate finance advisory services to private and public companies. Grace Matthews’ chemical practice is known globally for its expertise in completing successful chemical industry transactions dating back to the early 1990s. Grace Matthews’ principals have completed over 60 transactions involving global corporations such as Akzo Nobel, 3M, DuPont, Sherwin-Williams, PPG Industries, Ashland, Ceradyne, DSM, ICI, Borregaard, Air Products, Landec Corporation, The Home Depot, Hexion Specialty Chemicals, Atofina Chemicals, Brush Engineered Materials, Becker Industrial Coatings, RPM International, Courtaulds, Domino Sugar, and Chr. Hansen Laboratories. For more detailed information on Grace Matthews, Inc., visit www.gracematthews.com.
# # #
Ben Scharff, Managing Director
Grace Matthews’ goal is to help business owners, corporate managers, and other stakeholders unlock the value of their businesses by employing strategies that maximize value and achieve other business objectives.