May 22, 2019, 18:25 PM by Richard Hung
Sika has completed the acquisition of Parex on May 23, 2019. The deal was announced on January 8, 2019. With annual sales of CHF 1.2 billion, Parex is a leading mortar manufacturer with an impressive track record of profitable growth and attractive margins. Sika and Parex are two strong companies that are highly complementary in product offering and channel penetration. With this acquisition, Sika will expand its product portfolio for the building finishing market, further strengthening its world leader position in construction chemicals, and reaching sales in excess of CHF 8 billion for 2019.


Parex’s product offering includes facade mortars, tile adhesives, and waterproofing mortars. With its expertise in mortar solutions for renovation and new builds, Parex participates in all phases of the construction life cycle. Parex has a particularly strong presence in distribution channels, especially in China, where Parex has built up a network of over 90,000 points of sale. With its strong, recognized brands, Parex is known for its comprehensive R&D expertise and technical excellence. The company is locally present in 23 countries, with key positions in 8 core markets, and operates 74 plants around the world.


The acquisition of Parex will strengthen Sika’s growth platform. Its mortar business, which is a key growth technology for the group and one of its important earning contributors, will more than double in size to CHF 2.3 billion. Parex’s strong position in distribution channels will open up new business opportunities for Sika’s product range. Parex will gain access to Sika’s well established direct sales channels, and Parex’s expertise in the facade and tile setting business will allow Sika to participate in these growing and attractive market fields.


Paul Schuler, CEO of Sika: “With the acquisition we are bringing two strong companies together. Parex’s and Sika’s joint business activities present an excellent growth platform for both organizations. In addition to the highly complementary fit with regard to product offerings and channels, we also see that Parex and Sika have very similar cultures, values and management styles - with the focus on customer orientation, empowerment, high-quality products and services. The integration planning is well on track, and on-site visits have confirmed the attractiveness of the combination of the two businesses. We are excited to start working together to build our joint successful future. We warmly welcome all employees of Parex to the Sika Family.”


Eric Bergé, CEO of Parex: “I am very proud of our entire Parex team and what we have achieved. Sika represents a great platform to continue to deliver on our ambitious growth plan. The combination of the two companies creates new, exciting opportunities in terms of offering new solutions to our customers and continuing our geographic expansion. I am delighted we have found the perfect home for Parex within Sika, a strong company with similar values to our own.”




Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.  


    May 22, 2019, 18:25 PM by Richard Hung
    Full story

    Apr 20, 2018, 09:33 AM by Richard Hung
    Anaheim, CA — April 20, 2018 - El Rey Stucco, a Parex USA, Inc. brand, celebrates its 50th anniversary in providing the highest quality exterior building solutions to the Southwest region.
    Full story
  • Parex Launches Dustless CI Base Coat and Adhesive

    Apr 17, 2018, 09:29 AM by Richard Hung
    Full story
  • Merkrete Introduces DLT - DUSTLESS Technology

    Apr 12, 2018, 09:15 AM by Richard Hung
    Anaheim, CA — April 12, 2018 - Merkrete, a Parex USA, Inc. brand, announced the launch of its new series of setting mortars featuring patented DUSTLESS Technology. The addition of these 3 new tile mortars further expands upon Merkrete's full range of innovative solutions for the tile and stone installation market.
    Full story
  • Parex USA Acquires Super-Tek and Formulated Solutions

    Nov 2, 2017, 09:00 AM by Sitefinity Admin
    Full story
  • Parex USA Opens Largest and Newest Facility in Texas

    May 17, 2017, 09:00 AM by Sitefinity Admin
    ParexUSA, Inc., the parent company of leading building material brands Parex, LaHabra, Merkrete, Teifs, El Rey, Merlex, Variance, and Vero recently celebrated the opening of its newest and largest plant in Cleburne, TX, with a grand opening event. The Cleburne plant is the largest facility operated by ParexUSA and is conveniently located fewer than 50 miles southwest of Dallas to best serve the rapidly growing customer base in Texas and the Central Region. Sitting on 15 acres at over 100,000 square feet, the expansive facility has both wet and dry capabilities, loads flat and closed bed trucks and includes a tint room for custom colors and color sample lab for quick and accurate matches. The grand opening event, held earlier this month, was attended by more than 200 people, including city officials, regional distributors, applicators, plasterers, contractors and vendors, along with ParexUSA plant and corporate figures. Key attendees from the city of Cleburne included Mayor Scott Cain, Judge Roger Harmon, Chamber of Commerce President Cathy Marchel, and City Manager Steve Polasek. The event featured a luncheon followed by a raffle, where prizes included iPads and Texas Rangers tickets. The day culminated in a ribbon-cutting ceremony with the Mayor. "We are thrilled to open this new facility in Cleburne to better serve our customers in the region," says Jamie Chilcoff, CEO, ParexUSA. "The capabilities of this expansive plant and dedicated employees can provide our customers with an unmatched level of service." The Cleburne plant is located at 2036 E. Henderson St., Cleburne, TX. For more information, please contact (714) 778-2266.
    Full story
  • Merkrete Introduces Duracolor Grout

    Apr 5, 2016, 10:49 AM by Sitefinity Admin
    Merkrete, a Parex USA, Inc. brand, announced the launch of Duracolor, a high performance grout. The addition of Duracolor further expands upon Merkrete's full range of solutions for the tile and stone installation market.
    Full story
  • Merkrete Offers A New Patching Solution For Surface Preparation

    Apr 5, 2016, 09:30 AM by Sitefinity Admin
    Merkrete, a Parex USA, Inc. brand, announced the launch of ProPatch XF, a high performing patching compound solution. The addition of ProPatch XF further expands upon Merkrete's full range of solutions for the tile and stone installation market.
    Full story
  • Merkrete Offers a New Setting Material Solution for Tile Installation

    Apr 5, 2016, 09:27 AM by Richard Hung
    Anaheim, CA — April 05, 2016 - Merkrete, a Parex USA, Inc. brand, announced the launch of 760 High Flex, a superior grade polymer modified Portland cement EGP thin set mortar. 760 High Flex is a multipurpose thin set mortar with superior features such as flexibility, higher strengths, extended open times and adjustability. 760 High Flex is specifically formulated to install ceramic tile, porcelain tile, and natural stone, interior or exterior to a variety of substrates, specifically hard-to-bond-to surfaces.
    Full story