Sherwin-Williams acquires Consorcio Comex for $90 million
The Sherwin-Williams Company has acquired the U.S./Canada business of Consorcio Comex, S.A. de C.V., which includes 314 stores and eight manufacturing sites.
Sherwin-Williams will pay $90 million in cash as well as assume Comex’s liabilities, currently valued at approximately $75 million.
"This is an exciting step forward in our ongoing effort to bring these two respected companies together," said Chris Connor, chairman and CEO of Sherwin-Williams. "The Comex business model in the U.S. and Canada is a good strategic fit for Sherwin-Williams and will improve our ability to serve customers in some of our most important geographic markets."
Regulatory approval from the Federal Competition Commission of Mexico has yet to be secured for the acquisition of Comex’s Mexico operations.
Additional information will be reported during Sherwin-Williams’ third quarter earnings conference call at 11 a.m. ET on Fri., Oct. 25.
Toro makes fuel recommendations for OPE
In light of the growing popularity of alternative energy sources, The Toro Company is offering fuel guidance to homeowners and contractors for outdoor power equipment, recommending an ethanol/gasoline blend no higher than E10 (10% ethanol).
Generally, the company confirmed that Toro lawn mowers and snowblowers were approved for said blends and are not designed to run on fuel containing more than 10% ethanol. Toro cautioned that use of E15, E20 or E85 could affect performance or damage the engine.
The company made the following additional recommendations for consumers:
• Use fresh fuel (less than 30 days old) to prevent water absorption;
• Purchase no more than 30 days worth of fuel at a time;
• Add fuel stabilizer as soon as you buy it;
• Unleaded gasoline with an octane rating of at least 87 is preferable; and
• The less ethanol, the better.
More tips and product information can be found at www.toro.com/fuelfacts.
Briggs & Stratton expands backup power options
With the heavy power requirements of commercial applications in mind, Briggs & Stratton has expanded its backup power solutions for its dealer network, which now total more than 60.
"Just as no two businesses are exactly the same, no two customers in the light commercial market need exactly the same backup power option," said marketing manager Amanda Grandy. "The industry needs more flexible and dependable solutions for commercial business owners. This large product expansion shows our commitment to offering customers a reliable, tailored solution that helps keep their business up and running in the event of a power outage – all from a manufacturer they know and trust."
The company is now offering six different voltage levels (120/240, 120/208, 139/240, 227/480, 277/480, 347/600), two configuration setups (WYE or Delta) and two controller types (ComAp InteliNanoNT or ComAp InteliLiteNT). These can all be used in conjunction with the 35-kW, 48-kW and 60-kW standy generator units.
Other options include weather-resistant steel enclosure and a a durable GM Vortec 1800 RPM engine, which is quieter and more fuel-efficient than other high-RPM engine options.