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Mexico: Sherwin-Williams meets with feds in buyout talks

By  |  March 10, 2014

US paint conglomerate Sherwin-Williams has reportedly met with the Federal Economic Competition Commission in Mexico to discuss its acquisition of Mexico rival Comex, say reports.

Sherwin-Williams first struck a deal to acquire Comex in November 2012 in a $2.34 billion deal. While the companies completed their merger in 2013 in the US and Canada, Mexico authorities have yet to approve of the deal.

The meeting follows rumors that the merger was declared unauthorized by the FECC last November, a claim Sherwin-Williams denied, reports said.

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