How The Paint Market Stands
Following the purchase of Kativo by Grupo Mundial, the main competitors in Central America in the paint sector are Pintuco, Sur, Comex and Lanco.
Wednesday, May 9, 2012
With the acquisition of Kativo by the Colombian firm Pintuco for $120 million, pressure will increase in the Central American paint market competition. With this investment, the manufacturer has consolidated its plan to extend throughout the isthmus. Back in October it had acquired the Vastalux brand.
The North American HBFuller has agreed to sell its paint division to Pintuco, a subsidiary of the Colombian company, for $120 million.
Grupo Solid has opened its new ‘Superbia’ factory in Escuintla, allowing it to double its production capacity and expand into more markets.
PPG Industries has completed the acquisition of Comex Central America, adding 57 stores to its sales network in Central America in the paint and refurbishment line.
Operations have begun at new Celco and Grupo Solid paint manufacturing plants, enabling new markets to be opened.
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