Acquisition of ParexGroup. Materis enters in exclusive negotiation with CVC Capital Partners.


On 26 March 2014, Materis and CVC capital Partners entered in exclusive negotiation, so that CVC could acquire the entire capital of ParexGroup.

The agreement should be finalized by the beginning of the second half-year of 2014.

CVC Capital Partners wishes to sustain the future development of ParexGroup, while especially supporting its geographical expansion, its growth plan and the launch of innovating products.

 

In France, ParexGroup laid a first stone of its new Group Research & Development Centre, which will be completed by a Technical Training Centre.

ParexGroup Brazil has officially opened its new plant in Cravinhos, on the 23rd of April 2014 with the presence of José Carlos Carrascosa Dos Santos, Mayor of Cravinhos and many customers. It is its seventh plant in Brazil.


Cravinhos plant, which has been operating since 15 November 2013, is located at Ribeirão Preto, in the State of São Paulo, the country's economic hub which represents approximately one third of the total Brazilian market. Located 290 kms from the Itupeva plant, it is the second plant in the State of São Paulo and will allow ParexGroup to expand its market share in the region and also in the so-called "Minas Triangle", an active and wealthy region of Minas Gerais, another major Brazilian state.

 

08/11/2013 - Typhoon Haiyan battered the Philippines. ParexGroup Philippines sprang into action to take part in the solidarity effort. Christophe Lejeune, Managing Director of ParexGroup Philippines, visited Cebu a few days after the typhoon and saw the work of ParexGroup's distributors who had sent their delivery trucks fully loaded with water, rice and basic supplies: "Our own trucks have helped with the delivery of relief goods to the port of Manila, to load barges and boats for Palawan. ParexGroup makes also a donation of 400,000 PHP to the Philippines Red Cross and a donation in kind to Habitat for Humanity, to help rebuild housing at a later stage."

 

01/10/2013 - The new entity ParexGroup Construction Products Pvt. Ltd is headed by Mr Ashok Narayan Kate as its managing director.

im-droite-1