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Aplix acquires stake in Parafix

February 14, 2012

Partnership will help expand role in Latin America.

Aplix S.A. (France) has acquired a majority share in Parafix Ltda. (Brazil). Aplix, a leading global fastening system company with operations in Europe, North Americ, and Asia has partnered with Parafix to expand it's sales in Latin America where it has been producing fastening system products in Brazil for more than 10 years.

The company will retain the Parafix name and Damien Grimmelprez will continue in his role as general manager and CEO. Aplix and Parafixfeelthis partnership will provide benefits to its customers and associates. The company's expanded product portfolio combined with innovative solutions and new technologies will create value and support growth in the hygiene, automotive and industrial markets in Latin America.

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