CHRYSO ACQUIRES EUROMODAL AND ENLARGES ITS OFFERING FOR CONSTRUCTION MATERIALS IN PORTUGAL

2018/10/20
CHRYSO, a world leader in construction chemicals for concrete and cement as well as developing added-value   and   innovative   solutions   for   the   building   industry   today   announces   the   acquisition of EUROMODAL.

 

EUROMODAL is a Portuguese family company which was set up in 1986. It manufactures a broad range of  construction  chemicals in  a  brand  new  automated  plant  located near Porto,  and  offers  services ranging from technical support, the formulation of mix designs and on-site support.

Present in Portugal since 1993, CHRYSO has been servicing the most relevant infrastructure projects in the  country through  its  extensive  customer  portfolio  of cement  manufacturers,  concrete  producers (ready-mix  and  precast)  and construction companies  which  benefit  from  the  Group’s  extensive experience in the chemical sector, and in the formulation and knowledge of construction materials.

Commenting on the transaction, Thierry BERNARD, President & Chief Executive Officer of CHRYSO, said:“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. The combination of our operating businesses in Portugal will increase the  product  mix  and strengthen  our  presence  as  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.”

Francisco ARAUJO, CEO of  EUROMODAL, becomes General  Manager of CHRYSO  in  Portugal. He  also commented “We  see  great  potential  ahead  being  a  part  of  the  CHRYSO  Group, with  a  high  level  of commitment to assist our customerson the most challenging jobsites”.

The consideration for this acquisition is not disclosed.