Grace Matthews Inc. recently announced that its client, Jones-Blair Co., has signed an agreement to sell the stock of the company to Hempel A/S, a Copenhagen, Denmark-based global manufacturer of high-performance coatings. The acquisition reportedly provides Hempel with best-in-class technology, a complementary product portfolio, and a tenured, blue-chip customer base.
“Hempel is a world-class, global company, and partnering with Jones-Blair makes both companies stronger,” said Ben Scharff, managing director of Grace Matthews. “The acquisition is highly complementary to all parties involved and 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, and Hempel. The fit between the two companies is great.”