The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A customer browses through colour chips at a Sherwin Williams store in the U.S.
A customer browses through colour chips at a Sherwin Williams store in the U.S.
(JAY LAPRETE/AP)

SUBSCRIBERS ONLY

Mexican deal puts fresh gloss on Sherwin-Williams

Sherwin-Williams is colouring Latin America green. The U.S. paint maker says it will splash out $2.3-billion (U.S.) for Mexican rival Comex. The market at one point added about $1-billion to Sherwin-Williams’ value, though the cost savings from the deal are estimated to be worth only around half as much. It’s a testament to optimism about the region despite some signs of sluggishness.