GemSeal Pavement Products, Charlotte, NC, has acquired the branch operations and other assets of Professional Pavement Products (PPP), Jacksonville, FL, a distributor of asphalt pavement maintenance products.
GemSeal services the eastern half of the U.S. from nine company-owned manufacturing plants and the western U.S. through strategic manufacturing agreements. GemSeal also operates 11 One Stop Shop stores where it sells more than 1,000 items for pavement maintenance contractors.
The PPP stores GemSeal acquired are located in Jacksonville and Orlando, FL; Charlotte and Cary, NC; Houston, TX; and Tulsa, OK.
“The six branches of PPP will be an excellent fit with GemSeal’s existing store and plant network and our outstanding distributors who sell GemSeal products,” said Jeff Lax, GemSeal president and CEO. “This acquisition is an important part of our strategy of national growth for our company and will provide opportunities to expand the product lines at both GemSeal One Stop Shops and the former PPP stores.”
Lax said GemSeal will continue to sell the Prostripe paint line and Medallion additives, including Zoomflex.
Leading the combined distribution business for GemSeal will be Lee Lowis, a 40-year industry veteran with experience in manufacturing and distribution. He will also oversee the integration of the operations and personnel into GemSeal.
“GemSeal has been a leading sealcoat manufacturer since 1957, and we are fortunate to acquire another leading company and great employees with such a successful track record and solid reputation in the industry,” Lowis said. “Customers of PPP will continue to receive the great service to which they have been accustomed as we bring together two outstanding companies that are leaders in the pavement maintenance industry.”
Greg Driskell, PPP president, said PPP has been selling GemSeal products since 1996.
“GemSeal is a perfect fit for our six branches and our people, who will see new opportunities for growth in a larger company. I am excited that our former employees will be joining a company that shares a focus on integrity, quality, customer service and technical innovation,” Driskell said. “This sale will also enable the remaining PPP company to focus on development and sales of innovative traffic safety products that will save lives.”
