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

Figures on Central American Trade in Paints and Varnishes

August 2017

In 2016, the value of the paint and varnish sales among Central American countries totaled $133 million, 2% more than was traded in 2015.

Figures from the Information System on the Market for Paint and Varnish in Central America complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with the graphic"]

The Companies Painting Central America

October 2015

In a market that consumes about 40 million gallons of paint a year, agility in corporate management is a key factor.

An analysis of the Central American market made by Velia Jaramillo in an article on Estrategiaynegocios.net highlights from the beginning its main features: "...The mosaic of the Central American paint industry looks more colorful than ever.

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.

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