The 2020 Mid-Year Economic Update_long

ParexGroup Sold to CVC Capital Partners

The sale offers an improved financial structure.

ParexGroup, parent company of building material manufacturer Parex USA Inc. (TSE: PXT), Anaheim, CA, has been purchased by CVC Capital Partners from Materis, a manufacturer of specialty chemicals for construction.

Parex USA markets its products under the name brands of Parex, LaHabra, Merkrete, Teifs and El Rey.

The sale offers an improved financial structure that will give ParexGroup flexibility to accelerate its development on a worldwide level.

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