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  • PAREXGROUP ENTERS ALGERIA

     

    Paris, April 18th 2017 - PAREXGROUP announces it took a 49% shareholding and the control of Mortero. With a plant located in Bejaia (Algeria), the company has become a leader in the local drymix market with its 74 employees. Mortero and PAREXGROUP signed a license agreement in 2008. The production of tile-adhesives started in 2011 and façade products made a remarkable start in 2014 under the Parexlanko brand. The company grew fast from scratch to reach 4M€ in 2016.

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