Sherwin-Williams acquires stake in Mexico-based firm
Cleveland-based Sherwin-Williams has acquired certain assets of Monterrey, Mexico-based Flex Recubrimientos, a group of companies with products primarily in the automotive refinish market.
Terms of the deal were not disclosed.
The privately owned companies under Flex Recubrimientos include manufacturers and distributors of automotive after-market body fillers, putties, primers and other vehicle refinish products. The group currently operates a manufacturing facility in Monterrey with distribution warehouses in Monterrey, Mexico City, Guadalajara and Tijuana.
“We are pleased to bring the Flex group, a well-respected Mexican company, and their employees into the Sherwin-Williams family,” said Christopher Connor, chairman and CEO of Sherwin-Williams.