Clearwater International advises Skalflex on sale to French PAREXGROUP
Clearwater International Denmark acted as exclusive financial advisers in the structured sale process of Skalflex A/S.
Founded 40 years ago by Hans Søndergaard Larsen, Skalflex is a producer of building materials and has established a leading position as a specialist within façade solutions, mainly for the renovation of buildings in Denmark. It has grown continuously over the years, expanding its product range into façade insulation as well as other new quality products for masons and the Do-It-Yourself markets.
As a world leader in the construction chemicals market, PAREXGROUP provides specialty dry-mix solutions for the construction industry. Its products - façade coatings, ceramic tile setting materials and technical mortars - are used in the new construction or renovation of buildings. In 2014, PAREXGROUP generated revenues of €783m with 3,676 employees worldwide.