ParexLahabra

ParexLahabra, Inc. is U.S. subsidiary of Materis, a 1.6 billion Euros worldwide company with four core businesses (mortars and facades, aluminates, admixtures and paint) servicing the construction industry. [ [http://www.parex.com/About/Who_Is_Parex.html Parex: Who Is Parex?] ] [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-29175405_ITM|title=ParexLahabra acquires Teifs.(TRADENEWS)|date= 01 DEC 2006|work=Walls & Ceilings|accessdate=2008-08-16]

ParexLahabra Inc. is made up of 6 branded product lines; Parex, LaHabra Stucco, El Rey Stucco, Teifs, Mer-Krete, and Mer-Ko. The company is focused on the sales of EIFS, Stucco, Tile Setting Materials, and Decking/Waterproofing products. These product lines are focused on residential and commercial market segments.

The company operates 8 different manufacturing sites across the United States.

History

Parex opened its doors in the United States in 1986 in Redan Georgia as a subsidiary of Materis. The company is focused on producing EIFS products for the U.S. market. In 2000, Parex acquires LaHabra Stucco, a stucco company founded in 1926. In 2002, Parex acquires El Rey Stucco. This new addition provides an increased presence in the Rocky Mountain portion of the United States. In 2005, the Parex, LaHabra Stucco, and El Rey Stucco companies merge to become ParexLahabra Inc. In 2006, Teifs is acquired to improve ParexLahabra's position in the Texas market. [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-29175405_ITM|title=ParexLahabra acquires Teifs.(TRADENEWS)|date= 01 DEC 2006|work=Walls & Ceilings|accessdate=2008-08-16] In 2007, ParexLahabra acquires Mer-Krete [http://www.aecinfo.com/1/pdcnewsitem/00/80/49/index_1.html] , and along with it the Mer-Ko brand. [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-34831437_ITM|title=Mer-Kote and ParexLahabra partner for production|date=01 FEB 2007|work=National Floor Trends|accessdate=2008-08-16] This acquisition provides ParexLahabra with an established presence in the tile setting adhesive market. As part of the acquisition of Mer-Krete, ParexLahabra gains the Mer-Ko brand and long with it a stake in the decking and waterproofing market. Also in 2007, ParexLahabra acquired 2 facilities from QEP. [http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=sCNBWdQuc6MnvIh&ID=5651319]

Lines of business

ParexLahabra is focused on the following product lines:
*Exterior Insulation Finishing System
*Stucco
*Tile Setting Adhesives
*Decking
*Waterproofing

References

External links

* [http://www.parex.com/ ParexLahabra]