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Hempel has 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.
Jones-Blair’s business is focused on two distinct markets: Oil & Gas (industrial coatings) and Construction, especially waterproofing through the Neogard brand. The transaction is expected to close early this month (March).
