Comex

What Comex does

Consorcio Comex, S.A. de C.V. is a privately held Mexican manufacturer, marketer, and distributor of paints and coatings founded in 1952 and headquartered in Mexico City. The company's product portfolio is unified under the Comex brand and consists of two core categories: Pinturas (architectural paints for residential, commercial, and industrial applications) and Impermeabilizantes (waterproofing solutions for roofs, foundations, and surfaces). Comex offers a catalog of more than 3,500 colors and serves end customers across the residential, commercial, and industrial segments in Mexico.

The business operates with a workforce of 5,001-10,000 employees and distributes its products through what the firmographic data indicates as a national channel network across Mexico. Revenue mechanics are not disclosed in the available source data; the company's product portfolio is sold under a single cohesive Comex brand rather than through separate platform or modular product architectures. The company does not publish app store presence, public API documentation, partnerships, or AI/ML capabilities in the input data.

Leadership consists of Marcos Achar Levy as Chief Executive Officer and Juan Gil as Chief Financial Officer. Ownership, investor, and parent-company information are not evidenced in the source data, and there are no recorded funding rounds, M&A activity, restructuring events, regulatory actions, or product launches in the provided records, indicating a mature, stable operating posture without recent disclosed strategic inflections.

Name

Comex

Legal name

Comex

Website

http://comex.com.mx

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Consorcio Comex is a privately held Mexican paint and coatings manufacturer founded in 1952 that produces architectural paints and waterproofing products under the Comex brand across more than 3,500 colors, serving residential, commercial, and industrial customers throughout Mexico.

Ownership category

akta.pro rank

Product category

Paint and Coatings Manufacturing

NAICS

Paint and Coating Manufacturing (325510)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Architectural & Decorative Paints (IMAEAHAA)

akta.pro secondary industries

Architectural & Decorative Paints (IMADAKAA), Industrial & Protective Coatings (IMAEAGAB)

Keywords

• Architectural paints
• Waterproofing products
• Industrial coatings
• Decorative paints
• Coatings manufacturing

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Futures Contract Trading Fees: COMEX generates revenue through transaction fees charged per futures contract traded. The exchange reached a record daily trading volume of 2,829,666 contracts on October 17, 2025, reflecting increased demand for safe-haven assets.
2. Delivery and Settlement Services: Revenue from physical delivery settlement services, including warehousing and logistics coordination for metals delivered against futures contracts

Distribution channels3 records

Marketing channels3 records

Core offering

Comex manufactures, markets, and distributes architectural paints (Pinturas) and waterproofing products (Impermeabilizantes) under the Comex brand, offering over 3,500 colors for residential, commercial, and industrial applications in Mexico. The portfolio is sold as a unified paint and coatings line supported by physical retail and distribution channels.

Product overview

Comex is a Mexican paint and coatings company offering a unified portfolio of architectural paints and waterproofing products. The company's core offerings consist of Pinturas (paints) and Impermeabilizantes (waterproofing products), supported by a catalog of over 3,500 colors. The product portfolio is sold under the Comex brand as a single cohesive line rather than as separate platform and module architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Pinturas (Paints)

Quantifiable outcome

• Price alignment within cents between COMEX and LBMA global benchmarks

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• LBMA (London Bullion Market Association)coreStrategic or Co-development PartnerCOMEX coordinates with the London OTC market overseen by LBMA for global gold price discovery. LBMA establishes twice-daily benchmark prices via electronic auctions at 10:30 AM and 3:00 PM London time, while COMEX provides continuous futures trading in New York. Arbitrageurs exploit price differences ensuring alignment within cents between markets.
• Sprott Physical Silver TrustcoreTechnology or IntegrationSprott Physical Silver Trust is a physical silver ETF positioned to benefit from COMEX silver price movements and structural supply deficits. The trust holds physical silver and is structured to track COMEX silver futures prices.
• GraniteShares Gold TrustcoreTechnology or IntegrationGraniteShares Gold Trust is a physical gold ETF positioned to benefit from COMEX gold price movements. The trust holds physical gold and is structured to track COMEX gold futures prices.
• GlencoreminorOthersGlencore's Kazakhstan facility explosion eliminated 3.4 million oz of annual silver production, contributing to the physical supply shock exposing tensions between COMEX paper derivatives and actual physical supply.
• LME (London Metal Exchange)coreStrategic or Co-development PartnerLME, COMEX, and Shanghai Futures Exchange collectively track metal inventories exceeding 970,000 tons. Exchange inventories tracked across all three exchanges represent the highest levels since 2003, providing coordinated global metals supply visibility.

Scale indicators4 records

Recent moves2 records

Direct peers

• Benjamin Moore: U.S. premium architectural paint manufacturer known for extensive color libraries and independent dealer model. Comparable to Comex's 3,500+ color offering and specialty retail positioning.
• RPM International: U.S. specialty coatings company offering waterproofing, sealants, and specialty paints through multiple operating companies. Directly comparable to Comex on waterproofing products and specialty architectural coatings.
• Behr (Masco Corporation): U.S. architectural paint brand sold primarily through The Home Depot. Comparable to Comex as a mass-market architectural paint brand focused on retail and contractor segments.
• Sika AG: Swiss specialty chemicals company producing waterproofing systems, sealants, and concrete admixtures. Comparable to Comex's Impermeabilizantes line and construction waterproofing focus.

Broad incumbents

• PPG Industries: Global coatings major offering architectural, industrial, and protective paints. Comparable to Comex in product breadth and channel strategy across Mexico and Latin America.
• AkzoNobel: Dutch multinational producing decorative paints (Dulux and other regional brands) and industrial coatings. Highly comparable to Comex on architectural paint offerings and Mexican/Latin American presence.
• Sherwin-Williams: Largest U.S. paint and coatings manufacturer with direct operations in Mexico. Comparable to Comex as a global architectural and industrial coatings producer targeting both retail and contractor channels.
• Nippon Paint: Asia-Pacific paint leader that has been actively expanding in Latin America. Comparable to Comex in architectural paints and regional growth ambitions in Mexico.
• Kansai Paint: Japanese coatings company with global decorative and industrial paint operations. Comparable to Comex as a multinational paint manufacturer with growing Latin American exposure.
• BASF Coatings: German chemical major with a global coatings division including automotive and industrial finishes. Comparable to Comex in coatings chemistry and pigment/raw material exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

• Xx.com/pinturascomex

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Comex