M&A Deal Summary

Sherwin-Williams Acquires Consorcio Comex S.A. de C.V. - US/Canada Operations

On September 16, 2013, Sherwin-Williams acquired chemicals company Consorcio Comex S.A. de C.V. - US/Canada Operations for 165M USD

Acquisition Highlights
  • This is Sherwin-Williams’ 9th transaction in the Chemicals sector.
  • This is Sherwin-Williams’ 5th largest (disclosed) transaction.
  • This is Sherwin-Williams’ 1st transaction in Mexico.

M&A Deal Summary
Date 2013-09-16
Target Consorcio Comex S.A. de C.V. - US/Canada Operations
Sector Chemicals
Buyer(s) Sherwin-Williams
Deal Type Divestiture
Deal Value 165M USD

Target

Consorcio Comex S.A. de C.V. - US/Canada Operations

Mexico City, Mexico
Comex operations in the U.S. and Canada consist of 314 company operated stores – 234 in the U.S. and 80 in Canada – and eight manufacturing sites – five in the U.S. and three in Canada. In addition, Comex supplies paint and coatings products to approximately 1,500 external retail locations in Canada. The company manufactures and sells products under well-respected brands such as Frazee®, Kwal®, Parker Paints®, General Paints™, Color Wheel® and Para®.

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Buyer(S) 1

Buyer

Sherwin-Williams

Cleveland, Ohio, United States
Category Company
Founded 1866
Sector Chemicals
Employees64,088
Revenue 23.1B USD (2023)
DESCRIPTION
Sherwin Williams retail store in Westchester, Illinois.
Sherwin Williams retail store in Westchester, Illinois.

Sherwin-Williams is a provider in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. Sherwin-Williams was founded in 1866 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 11 of 16
Sector (Chemicals) 9 of 14
Type (Divestiture) 2 of 4
Country (Mexico) 1 of 1
Year (2013) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Frazee Industries

San Diego, California, United States

Frazee Industries, Inc. (Frazee Paint) is a provider of painting solutions specifically for the climate conditions of the Southwestern United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-20 The Valspar

Minneapolis, Minnesota, United States

The Valspar Corp. is a provider of paints and coatings products for the consumer market as well as highly-engineered coating products and solutions for the construction, industrial, packaging and transportation markets. Valspar was formed in 1806 and is headquartered in Minneapolis, Minnesota.

Buy $11.3B
Mergr

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