JBI and Blowtherm USA, two of the auto industry's largest suppliers of paint booths and equipment, will merge operations on March 1 and form a new company.
From cars to heavy trucks and from manufacturers to repair shops, the new company will cover nearly every aspect of the market for paint booths and supplies.
JBI, of Osseo, Wis., specializes in industrial paint spray booths used by manufacturers.
Blowtherm services the refinishing market, such as new-car dealers and independent auto body repair shops.
Carlos Pippa, CEO of Blowtherm USA, will retain those titles and run the new company from Blowtherm's headquarters in Koppell, Texas, near Dallas.
Top executives from JBI and Blowtherm will be on the new company's management team.
In a statement, Pippa said, "The merger of JBI and Blowtherm USA will allow each team to concentrate on its core competencies."
Blowtherm spokesman Robert Hampton said no jobs will be eliminated in the merger, though two plants in Ontario, Canada, will be combined.
The new, privately held company will have 300 employees and annual sales of about $55 million.
Pippa said his goals for the new company are to be more competitive in North America and to expand globally.