Mexico City, Mexico
COATINGS REVENUES: $1.2 billion
Auto refinish: 5%
Marcos Achar, CEO, Comex Group; Leon Cohen, president, Comex Mexico; Marcos Achar Meyohas, vice president treasurer; Elias Achar, vice president operations; Kent Child, president, U.S. and Canada.
Comex Group is the leading paint producer in Central and South America and the fourth largest architectural paint manufacturer in North America. Comex serves professional and DIY customers through more than 3,300 locations from Canada to Panama. Comex Group’s wide range of products are manufactured and marketed through a group of regional companies. Comex Group’s companies in the U.S. and Canada were formerly part of Professional Paint, Inc. (PPI). PPI was brought into the Comex Group in 2004. PPI’s network of regional paint formulators sell under different brands in the U.S. including Color Wheel in Florida, Frazee in California, Kwal Paint in Colorado, Parker Paint in the U.S. Pacific Northwest and General Paint in Canada. Comex’s industrial line of paint, coatings and building products complement PPI’s residential and commercial paint lines. Comex Group also operates Comex Mexico and Comex Central America. Comex Group’s, sales are estimated to be $1.2 billion in 2009. Broken down, approximately 75% of sales came from the architectural segment, 15% from industrial, 5% from OEM (excluding automotive) and 5% from auto refinish.
The Comex Group, through its Comex Industrial Coatings (CIC) business, is an integral part of the ongoing four phase rehabilitation project at the McDonald Observatory, a research unit of the University of Texas at Austin. CIC coatings are being used to protect the sensitive and expensive equipment housed in the various buildings. Approximately 14,000 sq. ft. of external surface area is currently covered with CIC product.
Comex also opened the first Visual Color Evaluation Lab in Mexico. The Visual Color Evaluation Lab, considered to be the first facility in America devoted to observing architectural paint colors, opened its doors in Tepexpan, State of Mexico.