PAREX acquires CTM Coatings Inc. in Canada

August 16, 2019

On February 18, 2019, PAREX announced the acquisition of CTM Coatings Inc. (“CTM”) in Canada, a recognized specialist of flooring compound systems that has 30 employees and its own chemical production facility.

PAREX is a fast-growing international construction chemical company providing specialty solutions to the building and construction industry. With 4,500 employees in 23 countries, 74 manufacturing facilities, and two R&D centers in France and China, PAREX has achieved 1.034 billion euros (before IAS 29) in sales in 2018.

Miller Thomson advised PAREX with respect to this acquisition with a team led by Philipp Park (Corporate/M&A) and including Louis-Philippe Borduas and Elissa Brock (Corporate/M&A), Jean-Martin Lambert (Transactions & Leasing), Anne-Frédérique Bourret (Environmental), Daphnée Beauchamp (Labour & Employment) and Andrew Etcovitch (Corporate Tax).