Parex USA Acquires Super-Tek and Formulated Solutions
Parex USA, Inc., a California Corporation announces the acquisition of New York-based Super-Tek Products, Inc. and Formulated Solutions, LLC, further strengthening its North American market position. The acquisition brings together two companies with a shared vision of innovation and service and will further increase the value that Parex USA delivers to its customers and partners.
Headquartered in the borough of Queens in New York, NY, Super-Tek has been a leading force in tile and stone installation products in New York City since 1978. Formulated Solutions boasts well-known brands in façade solutions: New York Stucco, Bestcoat™, TESS, cMent®, and XT 2000+. With this acquisition, Parex USA considerably strengthens its position in North East region with a unique logistics and production platform based in New York City.
Jamie Chilcoff, President and CEO, says, "I am proud to welcome Super-Tek and Formulated Solutions into the Parex USA family of award-winning brands. Adding them accelerates our ability to service the Northeast. They are proven industry leaders in their own right, and we are excited about growing our businesses together.