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AkzoNobel Buys Out Mexican Paint JV Partner

2:30 PM MST | December 10, 2010 | Rebecca Coons

AkzoNobel’s Car Refinishes Americas business says it has bought out its Akzo Nobel Comex joint venture partner Comex (Mexico City), assuming full responsibility for marketing and distribution of the Sikkens, Lesonal, U-Tech, and Wanda brands in Mexico. Akzo previously had a 55% share in the venture, which was formed in 1995. Financial terms were not disclosed. “The Comex organization has been an integral component to our success in Mexico, " says Jim  Rees Managing Director Car Refinishes.  “Comex and the Achar family have been...

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