What is Texrite?
Founded in 1964 and headquartered in Houston, Texas, Texrite has established itself as a leading provider of high-quality products for surface preparation, setting materials, grouts, and liquid additives. Since becoming part of the CEMIX Group in 2011, Texrite has consistently served tile and stone distributors and contractors across the southern United States. The company's enduring success, spanning over five decades, is built upon a foundation of exceptional customer service, dedicated technical support, and a continuous commitment to research and development. This focus on innovation ensures Texrite delivers user-friendly and high-performance solutions, including advanced grouts, polymer-modified mortars, and multipurpose adhesives, meeting the evolving demands of the construction and renovation industries.
How much funding has Texrite raised?
Texrite has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Texrite
PPP
Public-Private Partnership
What's next for Texrite?
With the recent large-scale late-stage funding, Texrite is strategically positioned for significant expansion and innovation. The substantial capital injection is expected to fuel advancements in product development, potentially leading to new formulations and enhanced material performance. Furthermore, this investment will likely support the broadening of Texrite's distribution network, enabling greater penetration into existing markets and the exploration of new geographical territories. The company's continued emphasis on R&D, coupled with this financial backing, signals a proactive approach to solidifying its leadership in the surface preparation and setting materials market, reinforcing its value proposition to contractors and distributors alike.
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