Via Press Release

The Sherwin-Williams Company announced on Nov. 12 that it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in 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. Completion of the acquisition is subject to certain conditions and customary regulatory approvals.

The acquisition combines the operations of Sherwin-Williams and Comex; expands distribution in Mexico, the United States, Canada and other Latin American countries; and enhances Sherwin-Williams’ position as a supplier of premium architectural paints and related products to professional painting contractors in the Americas. (more…)