A world leader in construction chemicals for concrete and cement, CHRYSO has announced its acquisition of EUROMODAL. The acquired company manufactures a broad range of construction chemicals and offers services such as technical support, the formulation of mix designs, and onsite support.
CHRYSO has been present in Portugal since 1993 and has serviced infrastructure projects through its extensive customer portfolio of cement manufacturers, producers of both ready mix and precast concrete, and construction companies. These companies benefit from the Group’s extensive experience in the chemical sector and the formulation of knowledge and construction materials.
EUROMODAL was set up in Portugal in 1986 and operates from a new automated plant, located near Porto.
“We are delighted to integrate EUROMODAL in our Group and look forward to working with the talented people who will become part of the CHRYSO business,” said Thierry Bernard, President and CEO of CHRYSO. “The combination of our operating business in Portugal will increase the product mix and strengthen our presence as a market leader. The local production, the world-class local concrete laboratory, and strong technical service will benefit our customers. After our recent acquisitions in Italy and in Ireland, this move demonstrates our willingness to enhance our positions in geographies where customers see benefits in value-added solutions and differentiated offerings.”
“We see great potential ahead being part of the CHRYSO Group, with a high level of commitment to assist our customers on the most challenging jobsites,” said Francisco Araujo, CEO of EUROMODAL. Araujo will become General Manager of CHRYSO in Portugal.
The CHRYSO Group is aimed at cement manufacturers, ready mix concrete plants, precast manufacturers, and construction companies. The Group offers cement additives, concrete admixtures, and construction systems.
Read the article online at: https://www.worldcement.com/europe-cis/22102018/chryso-acquires-euromodal/