PAREX ACQUIRES ENEWALL IN THE U.K.
Issy-les-Moulineaux, January 21st, 2019 – PAREX is pleased to announce the acquisition of ENEWALL Ltd. in the U.K. Based in Wishaw, near Glasgow, Scotland, ENEWALL has 50 employees and its own production facility. Established more than 25 years ago, ENEWALL is a specialist of facade solutions including External Insulation Finishing Systems, traditional dash render finishes and coloured renders, with a solid reputation of quality and service to the Scottish contractors and builders merchants.
PAREX has already a significant presence throughout the U.K., with one plant based in Atherstone, Warwickshire, and 70 collaborators. The acquisition will reinforce PAREX’ leadership in the facade business. Commenting on the transaction, Eric Bergé, CEO of PAREX, said: “We are extremely pleased to expand our position in the U.K. The ENEWALL team brings a perfectly complementary geographical presence and reinforces PAREX industrial footprint in the U.K. Combined with our large international portfolio of products and technologies, we will offer exciting new and extended solutions to the construction community in Scotland as well as in the rest of the U.K. We are looking forward to this new step in the growth of our U.K. activity”.
We warmly welcome the ENEWALL team in the PAREX family.
The financial consideration for this acquisition is not disclosed.