Founded 1986 | Parent organization Cromology | |
Parex USA, Inc. is the U.S. subsidiary of Materis, a 1.6 billion euro worldwide company with four core businesses (mortars and facades, aluminates, admixtures and paint) servicing the construction industry.
Contents
ParexLahabra Inc. is made up of six branded product lines; Parex, LaHabra Stucco, El Rey Stucco, Teifs, Mer-Krete, and Mer-Ko. The company is focused on the sales of Exterior Insulation Finishing System (EIFS), Stucco, Tile Setting Materials, and Decking/Waterproofing products. These product lines are focused on residential and commercial market segments.
The company operates eight 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. In 2007, ParexLahabra acquires Mer-Krete, and along with it the Mer-Ko brand. This acquisition provides ParexLahabra with an established presence in the tile setting adhesive market as well as the decking and waterproofing market. Also in 2007, ParexLahabra acquired 2 facilities from QEP.
In December 2009, ParexLahabra changed its operating name to Parex USA, Inc. to better align itself with parent company the Parex Group based in France.
Lines of business
ParexLahabra is focused on the following product lines: