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Sherwin-Williams Co to Acquire Comex


Monday, 12 Nov 2012 08:55am EST 

Sherwin-Williams Co announced it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., company into the paint and coatings market in Mexico with headquarters in Mexico City. Sherwin-Williams will pay approximately $2.34 billion, including assumed debt, in an all-cash transaction. Founded in 1952, Comex is a privately held business with operations in Latin America, the U.S. and Canada. The Company manufactures and sells architectural and industrial coatings in Mexico through 3,300 points of sale operated by 750 concessionaires. In the U.S., Comex sells paint and coatings products under a variety of brand names through 240 company operated paint stores. In Canada, the Company markets multiple brands of paint and coatings through 78 company operated paint stores and approximately 1,500 independent paint dealers. 

Company Quote

212.65
-0.12 -0.06%
4:02pm EDT