ParexLahabra, Inc. has announced the acquisition of Mer-Kote Products, Inc., a Torrance, Calif.-based manufacturer of the Mer-Krete Systems line of waterproofing and crack isolation membranes, thin-set mortars, grouts, underlayments and decking products.
Mer-Kote, established in 1971, has provided over 500 million feet of exterior deck coatings and 1 billion square feet of waterproofing for ceramic tile and stone installations with their Mer-Krete Systems brand. Mer-Kote, as a manufacturer, continues to grow the Mer-Krete line and has become one of the Tile Market’s highly recognized brands for their leadership, technical knowledge, and unique products.
The acquisition of Mer-Kote will increase the product offerings of the ParexLahabra brands with the addition of products such as waterproofing and crack isolation membranes, unique floor preparation and tile installation products. ParexLahabra’s plan for both the Mer-Krete and Mer-Ko brands is to continue to provide excellent products and services as well as promote teamwork between all brands within the ParexLahabra group. Mer-Krete and Mer-Ko will maintain a strong presence in their existing market. The corporation will use its expertise to improve the product lines, manufacturing, logistics, and services. Mer-Krete and Mer-Ko will maintain the current management team including Tim McDonald as operations officer and Clint Anna as national sales manager.
ParexLahabra, Inc. is a wholly owned subsidiary of Parex Group, a division of Materis-France, with over 35 manufacturing locations worldwide.
PAREXLAHABRA, INC. ACQUIRES MER-KOTE PRODUCTS, INC.
February 16, 2007