Announced
Completed
Financials
Tags
tile adhesives
facade mortars
Friendly
France
Private
waterproofing
Acquisition
Private Equity
Building Materials: Other
Completed
Disposal
Majority
Single Bidder
concrete
Synopsis
Sika, a Swiss specialty chemical company, completed its acquisition of Parex, manufacturer of mortar solutions including facade mortars, tile adhesives, waterproofing, and technical mortars, from CVC Capital Partners "Parex is an excellent company with well recognized brands and an impressive performance track record. The businesses of Parex and Sika are highly complementary. Using Parex technologies as a growth platform in all our 101 countries and cross-selling of our products to the well established distribution channels of Parex will generate great profitable growth. Parex’s excellent facade business can be leveraged in the entire Sika world. We warmly welcome all employees of Parex to the Sika Family. We look forward to working with the Parex team and we are excited about expanding our joint business operations," Paul Schuler, Sika CEO.
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