High-Performance Coatings Division Acquired By Hempel From Reliance Universal

—Literature Available Hempel, one of the world's largest independent manufacturers of industrial and marine coatings, recently announced that an agreement has been reached with Reliance Universal to acquire the assets of their High-Performance Coatings Division, operating out of Houston, Texas. Reliance Universal, Inc., is a wholly owned subsidiary of Tyler Corporation.

The High-Performance Coatings Division of Reliance manufactures and markets a line of heavy-duty industrial coatings, supplementing Hempel's existing product lines.

The Hempel Group is pursuing a strategy as a global supplier of anti-corrosive coatings.

The present manufacturing facility in Wallington, N.J., together with the acquired plant in Houston, will improve the supply service to the marine and offshore markets by Hempel Coatings (USA), Inc. It will further expand their activities within the heavy-duty industrial market, such as containers, railcars, pipelines, the petrochemical industry and wastewater treatment.

The Hempel U.S. operation will continue to be operated out of the Hempel U.S. Corporate Headquarters in Rutherford, N.J., supported by major branch offices in Miami, New Orleans, Houston, Los Angeles, Seattle and 16 stock points in the USA and Canada.

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Maritime Reporter Magazine, page 48, Dec 1988

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.