PITTSBURGH – PPG Industries has finalized the acquisition of Consorcio Comex S.A. de C.V. (Comex), an architectural coatings company with headquarters in Mexico City, in a transaction valued at $2.3 billion.
“We are pleased to have successfully completed this acquisition, the second-largest in our company’s history, as it adds a leading architectural coatings business in Mexico and Central America to our portfolio,” said Charles E. Bunch, PPG Chairman and CEO. “We look forward to working with the Comex team as we integrate the business into PPG.”