Deals
PPG to Buy Comex for $2.3 Billion to Add Mexican Paint Sales
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PPG Industries Inc. agreed to buy Consorcio Comex SA for about $2.3 billion, picking off the Mexican coatings and paint maker that competitor Sherwin-Williams Co. failed to buy because of antitrust issues.
Acquiring closely held Comex will give PPG paint-making capacity in Mexico and Central America and sales through about 3,600 stores in the region, Pittsburgh-based PPG said in a statement today. PPG rose the most since October.