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US/Mexico/Canada: Sherwin-Williams pushes for approval in paint buyout

By  |  September 16, 2013

US-based paint giant Sherwin-Williams Co. announced the completed buyout of the US and Canadian operations of Mexico-based Consorcio Comex, bringing the company a step closer to finalizing the deal, which remains subject to clearance by Mexican regulators.

Sherwin-Williams acquired the company for $90 million in a deal announced last November, but Mexican regulators at the Federal Competition Commission voted last July against the merger.

Sherwin-Williams said the company remains dedicated to securing clearance from regulators within Mexico.

Reports say the buyout includes 314 Consorcio Comex stores throughout the US and Canada, as well as eight manufacturing plants.

Full Content: Crain’s Cleveland Business

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