Chile: Melon SA divests mortar unit to ParexGroup

Chile: Melon SA divests mortar unit to ParexGroup
02 December 2016


Chilean cement and construction materials producer Melon SA has agreed to sell its local mortar company Melon Morteros SA to ParexGroup, a French provider of specialty dry-mix solutions for the construction industry.

The mortar unit is being sold for CLP4bn (US$6m), according to a filing with Chile’s securities and insurance regulator (SVS). ParexGroup will implement the transaction through its local subsidiaries, Parex Klaukol. SA and Parex Chile Ltd.

Published under Cement News