PPG Industries buys Comex for $2.3 billion

U.S. paint giant PPG Industries announced the completion of its acquisition of Mexico's Consorcio Comex for $2.3 billion.

PPG Comex will be responsible for the Glidden paint brand in the region starting in the first quarter of 2015.

PPG Industries is present in 70 countries and trades in the New York Stock Exchange, while Comex is the fourth-largest paintmaker in North America.

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