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CHRYSO announces acquisition of Cemexa

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World Cement,

A world leader in manufacturing additives for concrete and cement, CHRYSO has announced the acquisition of Cemexa, a major player in France and internationally in the cement screed market. The CHRYSO Group already owns the Belitex® self-levelling screed technology. This acquisition will enable it to enlarge its product offering by acquiring both Cemexa’s Cemfloor and Mobicem ranges, strengthening its overall position in the screed market both in France and abroad.

Cemexa is a French family business and is a leader in fluid cement screed. It develops and sells additives and processes that help to improve the performance and reliability of fluid screeds both in France and abroad.

“We welcome with great enthusiasm the Cemexa team to our group,” said Thierry Bernard, President and CEO of the CHRYSO Group. “The synergies we expect to realise through our combined business expertise and know-how showcases our willingness to offer our customers an expanded portfolio of fluid screed solutions. We also aim to develop our international offering and reinforce our leadership in this specific market segment, which ties in with the overall growth strategy pursued by the group.”

“We share with CHRYSO the spirit of innovation and the desire to offer robust solutions to screed professionals,” said Christophe Ceccaldi, Co-founder of Cemexa who will become Managing Director of the new subsidiary. “We are happy to join a group that makes substantial and continuous investments in R&D. This should therefore allow us to design and develop new solutions for all our customers in France and around the world.”

The consideration for the acquisition has not been disclosed.

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This article has been tagged under the following:

European cement news Cement news 2018