M&A Deal Summary

PPG Acquires Consorcio Comex S.A. de C.V.

On June 30, 2014, PPG acquired chemicals company Consorcio Comex S.A. de C.V. for 2.3B USD

Acquisition Highlights
  • This is PPG’s 19th transaction in the Chemicals sector.
  • This is PPG’s 2nd largest (disclosed) transaction.
  • This is PPG’s 1st transaction in Mexico.

M&A Deal Summary

Date 2014-06-30
Target Consorcio Comex S.A. de C.V.
Sector Chemicals
Buyer(s) PPG
Deal Type Add-on Acquisition
Deal Value 2.3B USD

Target

Consorcio Comex S.A. de C.V.

Mexico City, Mexico
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.

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Buyer(S) 1

Buyer

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 24 of 44
Sector (Chemicals) 19 of 35
Type (Add-on Acquisition) 18 of 35
Country (Mexico) 1 of 1
Year (2014) 4 of 5
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 Masterwork Paint

Pittsburgh, Pennsylvania, United States

Masterwork Paint Co., Inc. is an independent architectural paint distributor headquartered in Pittsburgh.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Revocoat SAS

Saint-Just-en-Chaussee, France

Revocoat SAS is a supplier of sealants, adhesives and damper products for the automotive industry. Revocoat business offers a range of complementary epoxy-based products, polyurethanes and water-based emulsions.

Buy -