Major Acquisition for Sherwin-Williams
Today, Sherwin-Williams (NYS: SHW) announced a massive acquisition, the purchase of Comex for $2.34 billion in cash. Comex is the second-largest paint store organization in the Western Hemisphere, and enjoys a huge amount of brand loyalty in Mexico. This is an extremely beneficial acquisition that will do wonders for strengthening Sherwin-Williams' presence in geographic locations where it was weak, particularly in Mexico and the Western U.S. In this video, Motley Fool analyst Taylor Muckerman tells us what this will mean for shareholders' dividends and stock buybacks during this growth period for Sherwin-Williams, and what shareholders should expect from the company in the long run.
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The article Major Acquisition for Sherwin-Williams originally appeared on Fool.com.
Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Sherwin-Williams. Motley Fool newsletter services recommend Sherwin-Williams. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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