Catherine Diamond, Associate Editor05.13.15
Coatings World publishes approximately 2,000 news items each year and covers a wide variety of topics including new products, mergers and acquisitions, distributor agreements, corporate personnel, and more. This year, the staff at Coatings World has decided to track its most popular news stories each quarter; in December, we will announce the most popular news story of the year.
To kick off the year in news, here are the top three stories from the first quarter of 2015:
3. Hempel to Acquire Jones-Blair Company
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 says it will "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), Danish-based 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 said: “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 said. “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, added: “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.
2. Global Industrial Coatings Market Size and Forecast up to 2020: Grand View Research, Inc.
Global industrial coatings market is expected to witness growth owing to increased importance of corrosion resistance, high temperature performance and enhanced service life in automotive, marine, construction and oil & gas industries. Technological development in solvent borne and powder coatings is expected to play a crucial role in promoting industrial coatings market growth over the forecast period. Regulatory support aimed for reducing VOC emission is likely to fuel eco-friendly coatings demand, and is expected to have a positive impact on industrial coatings market in the near future.
Governments of India, China and Middle East countries have increased their expenditure on infrastructure, which is expected to augment global industrial coatings market. Positive outlook towards the oil & gas sector in BRICS is expected to have a positive impact on industrial coatings market over the next six years. Development of unconventional resources such as shale gas and tight oil in the U.S. and Canada is expected to promote the use of industrial coatings as solutions for providing corrosion resistance and wear protection in drilling and exploration applications.
Major market participants include PPG Industries, AkzoNobel, Axalta, DuPont, Sherwin-Williams BASF, Nippon Paints, Valspar and NOROO Paints & Coatings. Application growth of industrial coatings in the automotive and construction industries in Asia Pacific has forced market players to increase their production capacities in China and India. In May 2013, Axalta announced an investment of USD 50 million for their waterborne coatings manufacturing facility situated at Shanghai, China. The plant is expected to supply 25,000 tons of waterborne coatings for automobile manufacturers located in South and Central China.
View Industrial Coatings Market Research Report with TOC Created By Grand View Research, Inc at http://www.grandviewresearch.com/industry-analysis/industrial-coatings-market.
1. Sherwin-Williams Opens 4,000th Retail Location in U.S., Canada and Caribbean
Sherwin-Williams has opened its 4,000th retail location in the U.S., Canada and Caribbean. The nation’s largest specialty retailer of paint and painting supplies has opened its newest location in Sewickley, Pennsylvania.
“The opening of Sherwin-Williams 4,000th store is a landmark occasion for our company,” said Chris Connor, chairman and chief executive officer, Sherwin-Williams. “Sherwin-Williams is committed to delivering an exceptional painting experience to homeowners and professionals alike. We also believe in making a positive difference in the communities we serve and look forward to showing our support for Sewickley and the surrounding boroughs in the coming years.”
In honor of the 4,000th store opening, Sherwin-Williams will donate $40,000 to Austin’s Playroom Project, an initiative of the Mario Lemieux Foundation. The funds will furnish interactive iPad tables in 10 hospital playrooms in the Pittsburgh area and across the country. Austin’s Playroom Project seeks to benefit families and improve the quality of a child’s hospital experience — whether as a visitor or patient — by furnishing cheerful playrooms that are safe, calming and comfortable.
The playrooms feature Sherwin-Williams paints, such as Optimistic Yellow (SW 6900), Sundance (SW 6897) and Exciting Orange (SW 6647). Sherwin-Williams will also donate $4,000 to the Sewickley Civic Garden Council for the construction of a new gazebo in Wolcott Park. The current gazebo is a celebrated cornerstone of the Sewickley community.
To kick off the year in news, here are the top three stories from the first quarter of 2015:
3. Hempel to Acquire Jones-Blair Company
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 says it will "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), Danish-based 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 said: “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 said. “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, added: “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.
2. Global Industrial Coatings Market Size and Forecast up to 2020: Grand View Research, Inc.
Global industrial coatings market is expected to witness growth owing to increased importance of corrosion resistance, high temperature performance and enhanced service life in automotive, marine, construction and oil & gas industries. Technological development in solvent borne and powder coatings is expected to play a crucial role in promoting industrial coatings market growth over the forecast period. Regulatory support aimed for reducing VOC emission is likely to fuel eco-friendly coatings demand, and is expected to have a positive impact on industrial coatings market in the near future.
Governments of India, China and Middle East countries have increased their expenditure on infrastructure, which is expected to augment global industrial coatings market. Positive outlook towards the oil & gas sector in BRICS is expected to have a positive impact on industrial coatings market over the next six years. Development of unconventional resources such as shale gas and tight oil in the U.S. and Canada is expected to promote the use of industrial coatings as solutions for providing corrosion resistance and wear protection in drilling and exploration applications.
Major market participants include PPG Industries, AkzoNobel, Axalta, DuPont, Sherwin-Williams BASF, Nippon Paints, Valspar and NOROO Paints & Coatings. Application growth of industrial coatings in the automotive and construction industries in Asia Pacific has forced market players to increase their production capacities in China and India. In May 2013, Axalta announced an investment of USD 50 million for their waterborne coatings manufacturing facility situated at Shanghai, China. The plant is expected to supply 25,000 tons of waterborne coatings for automobile manufacturers located in South and Central China.
View Industrial Coatings Market Research Report with TOC Created By Grand View Research, Inc at http://www.grandviewresearch.com/industry-analysis/industrial-coatings-market.
1. Sherwin-Williams Opens 4,000th Retail Location in U.S., Canada and Caribbean
Sherwin-Williams has opened its 4,000th retail location in the U.S., Canada and Caribbean. The nation’s largest specialty retailer of paint and painting supplies has opened its newest location in Sewickley, Pennsylvania.
“The opening of Sherwin-Williams 4,000th store is a landmark occasion for our company,” said Chris Connor, chairman and chief executive officer, Sherwin-Williams. “Sherwin-Williams is committed to delivering an exceptional painting experience to homeowners and professionals alike. We also believe in making a positive difference in the communities we serve and look forward to showing our support for Sewickley and the surrounding boroughs in the coming years.”
In honor of the 4,000th store opening, Sherwin-Williams will donate $40,000 to Austin’s Playroom Project, an initiative of the Mario Lemieux Foundation. The funds will furnish interactive iPad tables in 10 hospital playrooms in the Pittsburgh area and across the country. Austin’s Playroom Project seeks to benefit families and improve the quality of a child’s hospital experience — whether as a visitor or patient — by furnishing cheerful playrooms that are safe, calming and comfortable.
The playrooms feature Sherwin-Williams paints, such as Optimistic Yellow (SW 6900), Sundance (SW 6897) and Exciting Orange (SW 6647). Sherwin-Williams will also donate $4,000 to the Sewickley Civic Garden Council for the construction of a new gazebo in Wolcott Park. The current gazebo is a celebrated cornerstone of the Sewickley community.