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Sherwin-Williams to acquire Mexican paint maker Comex

6:23 AM MST | November 16, 2012 | Rebecca Coons

Sherwin-Williams (SW) has signed a definitive agreement to acquire Consorcio Comex (Comex), a Mexico City–based paints and coatings firm, for $2.34 billion, including debt. The all-cash transaction doubles SW’s Latin American coatings business and increases retail distribution in many markets where current store counts are low, the company says. Once closed, the deal will be the largest acquisition in the company’s history. “[Comex] complements our current business mix and reinforces our long-standing growth strategy,” says...

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