PPG Acquires Paint Stores Network in Central America
PITTSBURGH – PPG Industries announced that it has acquired Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America.
“This acquisition expands PPG’s operations in the growing Central American region,” said Michael McGarry, PPG President and Chief Operating Officer. “The purchase enables PPG to leverage an extended stores network to grow the GLIDDEN® brand in Panama and offer additional PPG products to customers throughout the region.”
With this acquisition, PPG will operate 87 company-owned stores across Belize, El Salvador, Guatemala, Honduras, Costa Rica, Nicaragua and Panama. PPG plans to brand stores in Panama with the Glidden brand, which is well recognized in the region, and offer products from its protective and marine coatings business in stores throughout Central America. Consorcio Latinoamericano operated as a concessionaire network for PPG-Comex, the company’s architectural paint and coatings business in Mexico and Central America. PPG completed its acquisition of Comex in November.