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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Sherwin-Williams Acquires Consorcio Comex 0 comments
    Sep 16, 2013 10:42 AM | about stocks: SHW

    Originally published at

    The Sherwin-Williams Company (NYSE:SHW) announced it has completed the acquisition of the Mexican paint company Consorcio Comex. Comex, which sells paint and coatings under many brand names in the U.S. and Canada, will serve to expand Sherwin-Williams' expansion to the growing Mexican market. The deal in total is valued at $165M, with $90M of the sum in cash while the remaining $75M involves the assumption of debt. Comex currently operates 234 stores and five manufacturing facilities in the United States along with 80 stores and three manufacturing facilities in Canada. Sherwin-Williams, which already has a well-respected brand line including Krylon, Minwax, and Dutch Boy, will be able to add respected Comex brands including Kwal, Frazee, Parker Paints, and others.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: SHW
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