Comex Group is the fourth largest

paint Paint is a material or mixture that, when applied to a solid material and allowed to dry, adds a film-like layer. As art, this is used to create an image or images known as a painting. Paint can be made in many colors and types. Most paints are ...

manufacturer and distributor of paints and

waterproofing Waterproofing is the process of making an object, person or structure waterproof or water-resistant so that it remains relatively unaffected by water or resists the ingress of water under specified conditions. Such items may be used in wet env ...

products in North America, with 3,300 locations.

History

The Sherwin-Williams Company (SHW), the largest U.S. paint retailer, agreed in November 2012 to acquire closely held Consorcio Comex SA de CV for about $2.34 billion including debt to gain Mexico's largest paint maker. The deal was rejected by Mexico's Comisión Federal de Competencia in November 2013 for antitrust purposes, and a result of such,

PPG Industries PPG Industries, Inc. is an American Fortune 500, ''Fortune'' 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By ...

has agreed to buy Comex for $2.3 billion Sherwin-Williams was still able to purchase Comex' operations in the United States and Canada for $165 million. After the failed bid in Mexico, and before the take-over by PPG, Comex sued Sherwin-Williams for not trying hard enough to seal the deal. In July 2015, after the photo of president

Enrique Peña Nieto Enrique Peña Nieto (; born 20 July 1966), commonly referred to by his initials EPN, is a Mexican former politician and lawyer who was the 64th president of Mexico from 2012 to 2018. A member of the Institutional Revolutionary Party (PRI), he p ...

showing his height difference next to

Felipe VI of Spain Felipe VI (; Felipe Juan Pablo Alfonso de Todos los Santos de Borbón y Grecia; born 30 January 1968) is King of Spain. In accordance with the Spanish Constitution, as monarch, he is head of state and commander-in-chief of the Spanish Armed For ...

made the international headlines, Comex released on its Twitter account a photoshopped photo of the Mexican president standing on one of its paint pots with the text ''"una pintura de altura"'' (''a paint of stature''). After the post got widely retweeted, the company deleted it and made an official apology, arguing that the photo had not been approved before it went live.

Activity

Comex sells paint and coatings. As of 2013, the company distributed its products through 234 Comex stores in the United States, 80 Comex stores and 1500 external retailers in Canada. It also operates five manufacturing sites in the US and three in Canada. In January 2016, Comex opened its 4,000th store in Mexico.

References

External links

Official website
{{PPG Industries Chemical companies established in 1959 Companies based in Mexico City Mexican brands Mexican companies established in 1959 PPG Industries Mexican subsidiaries of foreign companies