CLEVELAND – Mexico’s Federal Competition Commission voted 3-2 not to authorize The Sherwin-Williams Co.’s acquisition of Consorcio Comex, S.A. de C.V., a $3.2 billion deal that was announced on November 12, 2012. In a press release announcing the decision by  Mexico’s anti-trust regulator, Sherwin-Williams stated that it is reviewing the rationale for the commission’s decision and expects to respond to its concerns in the near future.

Commenting on the commission’s decision, Christopher M. Connor, Chairman and Chief Executive Officer, said, “We are disappointed by this decision, but remain hopeful that we can adequately address the commission’s objections and proceed with the transaction.”