Displaying items by tag: Chryso

Portugal: France’s Chryso has acquired Euromodal. The company was set up in 1986 and manufactures a range of construction chemicals from a plant located near Porto. It also offers services ranging from technical support, the formulation of mix designs and on-site support. Francisco Araujo, CEO of Euromodal, will become the general manager of Chryso in Portugal. No value for the transaction has been disclosed.

“We are delighted to integrate Euromodal into our group and look forward to working with the talented people who will become part of the Chryso business,” said Thierry Bernard, president and chief executive officer (CEO) of Chryso.
“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.”

France/Italy: Chryso has signed an agreement to buy certain assets of Italy’s Ruredil, including its cement additives, concrete admixtures and technical mortars business divisions, but excluding the Rurmec brand. The cost of the acquisition has not been revealed. The transaction is expected to complete over the summer of 2018 subject to the satisfaction or waiver of customary conditions precedent.

“The combination of our operating businesses in Italy will provide a wider range of products to our customers, as well as improve our geographic coverage, enabling us to serve a greater number of building companies and cement and concrete manufacturers across Italy and abroad. The businesses will have strong offerings to answer the new technical challenges of the building industry,” said Thierry Bernard, president and chief executive officer of Chryso.

In Italy, Chryso operates as Chryso Italia, which was established in 1997. Its customers in the region include cement manufacturers, concrete producers and building companies. Ruredil is an Italian company, established in the 1950s. It manufactures chemicals and structural reinforcement systems, and owns well-recognised brands in the construction industry such as Ruredil and Levocell.