PPG to buy Mexican paints firm Comex


US coatings specialist PPG Industries has agreed to buy Mexican architectural and industrial coatings firm Comex for $2.3 billion (£1.3 billion). The deal will give PPG a manufacturing and distribution network for architectural paints across Mexico and Central America, where it currently has negligible presence.

Comex had previously agreed to sell its business to US paints giant Sherwin-Williams. Sherwin succeeded in buying out the US portion of Comex’s manufacturing and distribution network, but the deal later stalled after Mexican regulators objected on competition grounds.

PPG is in the process of expanding its coatings business, having just bought Pittsburgh, US-based competitor Masterwork Paint Company for an undisclosed sum.


Related Content

Sherwin-Williams to acquire Comex for $2.3bn

13 November 2012 Business

news image

US paints giant expands into Mexico

AkzoNobel sells $1bn chunk of paints business

20 December 2012 Business

news image

North American decorative paints business was responsible for 7% of total AkzoNobel sales in 2011, amounting to $1.5 billion

Most Read

Self-cleaning sensors see the light

23 January 2015 Research

news image

Overcoming electrode fouling in biomedical and environmental detectors

Alkali metal explosion explained

26 January 2015 Research

news image

High-speed cameras help re-examine the chemistry behind a classic classroom demonstration

Most Commented

Alkali metal explosion explained

26 January 2015 Research

news image

High-speed cameras help re-examine the chemistry behind a classic classroom demonstration

What we mean when we talk about bonds

29 January 2015 Comments

news image

Santiago Alvarez delves into the debates and disagreements that surround one of chemistry's most fundamental concepts