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Mexico's antitrust authority denies Sherwin-Williams acquisition appeal
12:55 PM MDT | October 30, 2013 | Vincent Valk
Mexico’s federal competition commission has denied Sherwin-Williams’ (SW) appeal of its ruling blocking the acquisition of Comex, the company says. Comex, which recorded $1.4 billion in revenue in 2011, is an architectural paint maker with 3,300 points of sale in Mexico and significant business in other Latin American countries. The deal was announced in November of last year. SW is currently reviewing the decision and will “consider all options, including whether to refile” with Mexican authorities. Mexican authorities first blocked the...
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