# PAREX acquires CTM Coatings to expand into Canada

PAREX, a portfolio company of CVC Capital Partners, has acquired CTM Coatings Inc., a Montreal-based specialist in flooring compound systems with 30 employees and its own chemical production facility. The acquisition marks PAREX's entry into Canada, its 24th country.

- Type: Acquisition
- Announced: 2019-02-18
- Where: Montreal, Quebec, Canada
- Status: completed
- Products: flooring compound systems, epoxy and polyurethane based solutions
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [CVC Capital Partners](https://endata.com/companies/226.md) (investor)
- [Parex](https://endata.com/companies/36560.md) (acquirer)
- [CTM Coatings Inc.](https://endata.com/companies/37482.md) (target)

## Sources

- [privatecapitaljournal.com](https://privatecapitaljournal.com/cvcs-parex-expands-into-canada-with-ctm-coatings-acquisition/), 2019-02-20: "We are happy to enter Canada, our 24th country, and to strengthen our business with a complementary offer in North America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.