Content about Comex

December 15, 2014

Sherwin-Williams released its full-year guidance for the fiscal year, but its estimates fell below those of Wall Street expectations, causing shares to fall shortly following the news.

The company also pointed out that the guidance takes into account ongoing costs related to its acquisition of Comex, as well as the new HGTV paint partnership with Lowe's

The paint giant placed 2014 sales at a 9% year-over-year growth rate -- or $11.1 billion.

November 11, 2014

PPG Industries announced that Marcos Achar Levy, previously chief executive officer of Comex, has been appointed vice president, architectural coatings, Mexico, and CEO, PPG – Comex. He will report to Michael McGarry, PPG chief operating officer. 

PPG previously announced it had completed its acquisition of Comex.

July 18, 2014

Following its agreement last month to acquire Consorcio Comex, Pittsburgh, Pennsylvania-based PPG Industries released what it called a record performance for its second quarter. 

PPG reported net sales from continuing operations of $4.08 billion, up 5.1% from $3.88 billion in the same quarter last year.

Net income increased 13.2% to $386 million. 

PPG announced June 30 it had reached an agreement to acquire Consorcio Comex, a leading Latin American architectural and industrial coatings company, in a transaction valued at $2.3 billion.

September 16, 2013

The Sherwin-Williams Company has acquired the U.S./Canada business of Consorcio Comex, S.A. de C.V., which includes 314 stores and eight manufacturing sites.

Sherwin-Williams will pay $90 million in cash as well as assume Comex's liabilities, currently valued at approximately $75 million.

November 12, 2012

Cleveland-based Sherwin-Williams Co. agreed to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. 

Comex sells architectural and industrial coatings in Mexico through 3,300 units operated by 750 concessionaires. Sherwin-Williams will pay approximately $2.34 billion, including assumed debt, in an all-cash transaction, the company announced Monday morning.