Acquisition in Thailand

To support its expansion in Thailand, on the 29th July 2011, ParexGroup acquired the assets of PK Siapaison and VPO Friend, a strong player in the local tile adhesive and tile grout market. As a result of this strategic move, ParexGroup will now take a market leading position in Thailand, providing a platform for further strong organic growth in this key market in the future.

Dynamic growth in China

To firmly establish the company as a leader in under-tile waterproofing and tile setting materials, ParexGroup launched the Red Flag project, consisting of distributors setting up exclusive Davco sales outlets. By early 2012, the Red Flag team will have opened 1000 exclusive stores in 60 cities, thus doubling ParexDavco’s Chinese market share. A new plant was also opened in Chengdu.

Extension of our geographical coverage in South America

ParexGroup openend a factory in Paraguay in February 2011. The Group is the first international dry-mix mortars manufacturer to set up a plant in this country.

In order to reinforce its position in Chile, ParexGroup decided to build a second factory in 2011 located in Los Angeles, in the south of the country.

In orther to follow our program to build a new factory in Brazil every year between 2010 and 2014, we built in 2011  with a new factory in Goiania, near Brazilia.

Establishment in Uruguay, 20th country of ParexGroup

In December 2011, ParexGroup acquired the tile-setting mortar business of Uruguayan lime and cement company CNC.

Consolidation in the USA

Acquisition of Elite, a tile-setting business with state-of-the-art plants in Florida and Georgia.