Comex Group is the largest paint company in Mexico and with its combined U.S. acquisitions its revenue is approximately $1.6 billion. Roughly 75 percent of sales came from the architectural segment, 15 percent from industrial coatings, five percent from OEM (excluding automotive) and five percent from auto refinish. As 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. In recent news, one of Comex’s partner companies, Color Wheel Paint, a manufacturer of paint and industrial coatings expanded into North Carolina which marks significant growth and geographic expansion for the Florida-based brand. Color Wheel Paint offers paints such as Flex Lox, Optima and Tropicoat; specialty lines such as UltraCrete and Texturi; and a complete line of industrial coatings. All Color Wheel products are designed and tested for durability in the hot, humid climate of the Southeast region of the United States where paint failure due to mildew and fading are major concerns. A new company-owned Color Wheel Paint store opened in Raleigh, N.C. The company said it has seen a growing demand for its paint products in this market as well as encouraging overall economic growth.
YEAR ESTABLISHED: 1959
REVENUE: $1.6 billion (2010: 1.6bn)
• Architectural coatings
• Industrial coatings
• Automotive refinish coatings
• OEM (non-automotive)
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.