- PPG Industries (PPG) +2.9% premarket after agreeing to acquire privately-held Consorcio Comex, a Mexican architectural and industrial coatings company, in a transaction is valued at $2.3B.
- Comex sold ~$1B of its products in 2013 through ~3,600 stores in Mexico and Central America as well as through regional retailers, wholesalers and direct sales to customers.
- PPG says the deal will be immediately accretive to earnings, and it anticipates acquisition-related synergies of 3%-4% of acquired sales will be achieved over a two-year period.
From other sites
Video at CNBC.com (Jul 16, 2015)
at CNBC.com (May 18, 2015)
at CNBC.com (May 7, 2015)
Video at CNBC.com (May 7, 2015)
at CNBC.com (Jan 15, 2015)
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