PAREXGROUP ACQUIRES CHILEAN MORTAR PRODUCER

 

Issy les Moulineaux, December 1st 2016 - PAREXGROUP announces that it just purchased 100% of the shares of Melón Morteros S.A. from Melón S.A for a price of CLP$4,000,000 (four billion pesos).

Well known in the Chilean construction market as PRESEC, its commercial brand, the company offers a wide range of mortars, technical solutions and adhesives to contractors and retailers nationwide.

“PRESEC is a great complement to our growing business in Chile, extending our presence in distribution and giving access to new applications”, says Eric Bergé, ParexGroup‘s CEO. “It is a new leap forward in our Chilean success story. We welcome the PRESEC team in the Group and look forward to a good integration with PAREX CHILE.”