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Old 01-05-2013, 10:10 PM   #1
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Default Paint company aquisitions

I don't think we have heard the last of paint aquisitions. As the market improves and paint companies become more profitable, you'll probably see more "soon".

Latest one is:
Valspar buying Ace paints
http://finance.yahoo.com/news/valspa...224855122.html

PPG buying Akzo Nobel's North American paint division

SW buying Comex, Kwal, General, Color Wheel, Parker, Geocel
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Old 01-12-2013, 02:28 PM   #2
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Yep, Glidden stores may now have Pittsburg / Porter Paint signs in front of them. I wonder if this is really pushed along by Lowes to ultimately gain more market share. I can see them one day owning Valspar. Wouldn't surprise me in the least. They took over Cabot stain and now all the smaller retailers are backing away from Cabot.
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Old 01-12-2013, 02:46 PM   #3
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wow,that's big news around here. general paint has been a big player in Canada for decades. it was (is) a chain that catered to the painting contractor. those stores are always busy with pro painters especially in the mornings. Benjamin Moore and Sherwin Williams are always empty when i go into their stores. General Paint's prices were always very good and they supplied good products. you are never too far away from the numerous stores they have.

i wonder if GP will stop selling insl-x products like cabinet coat? i actually got better prices at general paint for cabinet coat than i did at benjamin moore who owns insl-x.

November 12, 2012 - Canadian Press Release

Sherwin Williams to Acquire Comex Group

The below noted material has been taken from publicly available information.

Sherwin-Williams (NYSE: SHW) and the Comex Group have jointly announced they have entered into a definitive acquisition agreement. The acquisition combines the operations of Sherwin Williams and Comex in Canada, the United States and Mexico. Completion of the deal is subject to certain conditions and customary regulatory approvals from corresponding authorities in these countries.

As part of this agreement, Comex Canada / General Paint’s current commercial policies towards dealers and customers will remain in place.

Comex Canada / General Paint, their dealer network, suppliers and strategic partners will all continue operating in the usual manner.

The current management team will remain in place, as a critical element for past and future success of the Company.

For Comex Canada / General Paint employees the acquisition represents further growth and development opportunities, since now we will be part of one of the leading companies in the world in our business segment.

For further information available on the topic, we ask that you please refer to the Sherwin Williams company website, or feel free to contact Jorge Quintana at Fleishman-Hillard Mexico at tel. 5540-6031 ext. 250 or by email at [email protected], who will be able to provide you with information and address your questions.

Last edited by Xmark; 01-12-2013 at 02:50 PM..
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Old 01-13-2013, 12:49 PM   #4
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Ace hardware paint was a freaking perfect paint. It didn't have all tha pizzaz of say a B.M. aura paint or the utter adhesion of say a California epoxy enforced floor paint. But god damn that was such good paint for a reasonable price, I never painted my own home with anything else. It will be sad to see that option disappear.
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