CHRYSO Group announces italian aquisition
The Chryso Group, with head office in France and represented locally by the Chryso Southern Africa Group, has expanded its global operations with the acquisition of another key European operation.
The Chryso Southern Africa Group consists of Chryso SA and a.b.e. Construction Chemicals. The admixture producer opened operations in South Africa 22 years ago.
Chryso, a world leader in manufacturing additives for concrete and cement as well as developing added-value and innovative solutions for the building industry, has announced that it has signed an agreement for the acquisition of certain relevant assets of RUREDIL S.p.a. in Italy.
Ruredil - established in the 1950s - manufactures chemicals and structural reinforcement systems, and owns well-recognised brands in the construction industry such as Ruredil and Levocell. The Chryso acquisition includes the Ruredil’s operating business divisions: concrete admixtures, cement additives, technical mortars, accessories for precast systems, fibres, products for decorative concrete and restoration, but excludes the Rurmec brand and the structural reinforcement business division.
The value of the acquisition has been not been disclosed.
In Italy, Chryso operates as Chryso Italia, established in 1997. Its customers in the region include cement manufacturers, concrete producers (ready-mix and precast industrials) and building companies that benefit from the Group’s extensive experience in the chemical sector, and in the formulation and knowledge of construction materials.
Thierry Bernard, Paris-based President and CEO of the Chryso Group, says the acquisition of Ruredil’s operating business divisions will enable Chryso to further develop its offering of high-technological products for the building industry. “It will strengthen Chryso’s presence in the different market segments, from construction to repair, and widen its range of solutions. This new business will increase the product mix and service offering to customers.”
Bernard added: “We look forward to working with the talented Ruredil workforce who will become part of the Chryso business. The combination of our two 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 facing the building industry.”