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.

Four competitors, Pintuco, Sur, Comex and Lanco, now dominate the Central American market.

"Being in Central America gives us leadership in the paint business and helps in positioning the company," said Ernesto Fajardo, president of the Grupo Mundial, to Nacion.com. Grupo Mundial has a presence in 11 Latin American countries and a staff of 4,300 employees.

Fajardo said they also evaluated the profitability of Kativo, which in 2011 generated revenues of approximately $113.5 million from sales in Central America.

More on this topic

Grupo Mundial Buys Kativo Paint

May 2012

The North American HBFuller has agreed to sell its paint division to Pintuco, a subsidiary of the Colombian company, for $120 million.

Grupo Kativo, which until recently was owned by HB Fuller, is a leader in the Central American paint market. The company has over 60 years experience and has presence in six countries.

New Paint Plant for $18 million

October 2011

Grupo Solid has opened its new ‘Superbia’ factory in Escuintla, allowing it to double its production capacity and expand into more markets.

With the increase in installed capacity they expected to increase production by 100% and so start their expansion plan in the Central American market.

Comex's Paint Stores Controlled by PPG

June 2015

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.

From a press release issued by PPG Industries:

PITTSBURGH, June 2, 2015 – PPG Industries (NYSE:PPG) today announced that it has acquired Consorcio Latinoamericano, which operates a network of 57 paint stores in Central America. Financial terms were not disclosed.

Guatemala to Export 22 Million Gallons of Paint in 2012

April 2011

Operations have begun at new Celco and Grupo Solid paint manufacturing plants, enabling new markets to be opened.

The increase in installed capacity is expected to lead to an increase in production. By 2012, the manufacture of 30 million gallons of paint are estimated to be possible, of which 8 million gallons will go toward national markets and the rest will be exported.

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