Sherwin-Williams Buys U.S./Canada Business of Comex
CLEVELAND – The Sherwin-Williams Co. has completed the acquisition of the U.S./Canada business of Consorcio Comex S.A. de C.V. Sherwin-Williams will pay $90 million in cash and assume liabilities currently valued in the range of $75 million.
Sherwin-Williams and Comex remain fully committed to securing regulatory approval from the Federal Competition Commission of Mexico for Sherwin-Williams to complete the acquisition of the operations of Comex in Mexico. To that end, the Stock Purchase Agreement was amended to extend the exclusivity period to March 31, 2014.