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U.S./Mexico: Paint-makers plan to merge for more than $2 billion

 |  November 13, 2012

Sherwin-Williams Co. has been said to approve of a deal to buy Mexico City’s Consorcio Comex SA de CV for more than $2 billion. The U.S. paint company will also assume the Mexican’s coatings-maker’s debts. Sherwin-Williams’ Chief Executive Christopher M. Connor cited both strategically- and geographically-sound reasons to go ahead with the deal. The deal has not yet been approved by competition authorities.

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