Parex USA, which markets its product under the brands of Parex, LaHabra, Merkrete, Teifs and El Rey, recently announced the sale and ownership change of its parent company, ParexGroup, to CVC Capital Partners.
ParexGroup, manufacturer of specialty chemicals and ready-to-use mortars for the construction industry, was founded in France by Lafarge in 1978. Since 2001, ParexGroup was one of four companies owned by Materis, a French corporation. Under the new ownership structure, ParexGroup will operate independently and will no longer be affiliated with Materis or its subsidiaries, according to the company.