Ennis Paint, Inc., of Ennis, Texas, the world's leading provider of pavement marking products, announced Friday that it has agreed to acquire Prismo Ltd from Jarvis plc.
Ennis Paint owns a manufacturing plant of Agriculture Center Road in St. Augustine.
The transaction, financial terms of which were not disclosed, is expected to be completed next week.
Prismo, based in Lancashire, England, is one of the oldest names in the traffic safety industry.
The Prismo group of companies generates annual sales of approximately US $100 million.
"The acquisition of Prismo takes Ennis Paint to a new level and gives us an enhanced position in the global marketplace," said John Anderson, president and chief operating officer of Ennis Paint.
"This transaction is another major step toward our strategic objective of globalizing our business, and we are proud to have the Prismo organization join the Ennis group of companies."
Ennis has experienced unprecedented growth for the road-marking industry and continued to build momentum during the past 10 years. The company, founded in 1996, is owned and is operated by the Anderson family.
Ennis Paint is the world leader in pavement markings with the most extensive product line for roadway safety. The company currently has nine production plants in the United States with another in Kuala Lumpur, Malaysia.