Hempel to acquire Jones-Blair

摘要

Hempel has announced the signing of a binding agreement to acquire Jones-Blair Company, a North American supplier for the protective and waterproofing markets. With the proposed acquisition, Hempel is expecting a significant expansion of its North American business in accordance with its global growth strategy. 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." At the time of going to press the transaction was expected to close in early March 2015, subject to regulatory approval.