30 June 2014
Details
Charles E. Bunch,
PPG chairman and CEO.
“Comex is a high-quality, well-managed business
with a long heritage of excellent customer service
and leading, well-recognized regional brands,”
“The acquisition is very complementary to PPG
as it adds a leading architectural coatings business
in Mexico and Central America, a region where
we have negligible architectural coatings presence.
We are excited to participate in
the growing Mexican economy and
look forward to working with the Comex team
as we integrate the business into PPG,”
Comex manufactures coatings and related products
in Mexico and sells them
in Mexico and Central America
through approximately 3,600 stores
that are independently owned and operated
by more than 700 concessionaires.
Comex also sells its products through
regional retailers, wholesalers and
direct sales to customers.
The company has
* approximately 3,900 employees,
* eight manufacturing facilities and
* six distribution centers, and
had sales of approximately $1 billion in 2013.
Comex is a privately-held company
that was founded in 1952.
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