PAREX ACQUIRES QUIMICRYL IN BRAZIL
Issy-les-Moulineaux, December 5th 2018 – PAREX is pleased to announce the acquisition of Quimicryl in Brazil. Based in Sao Paulo, Quimicryl has more than 50 employees and its own chemical production facility in Cotia. Founded in 1987, it is a specialist of waterproofing solutions, sealants and adhesives with a solid reputation of quality and service to the Brazilian contractors and industry.
PAREX has already a significant presence in Brazil, with more 8 plants and more than 300 employees. It is a national leader in tile-setting solutions. Commenting on the transaction, Eric Bergé, CEO of PAREX, said “We are extremely pleased to expand our position in Brazil to the segment of waterproofing and technical solutions. The Quimicryl team brings industry-leading technical expertise. Combined with our large international portfolio of products and technologies, we will offer new exciting solutions to the construction community in Brazil. We are also happy to welcome the Quimicryl employees to the PAREX family”.
Pedro Queiroz CEO of Quimicryl added: “Our talented team is proud to be part of Parex, joining forces in the development of a collaborative, integrated and focused business model that creates sustainable value for customers and partners. We are looking forward for this new step of Quimicryl”.
The consideration for this acquisition is not disclosed.