Acquisition

CHRYSO STRENGTHENS ITS PRESENCE IN MOROCCO WITH APTEX

15 October 20

The CHRYSO Group, one of the world leaders in construction chemicals, today announced the signing of an agreement to acquire a majority stake in APTEX. 

Present for more than thirty years in Morocco, the CHRYSO brand enjoys a solid reputation with customers and the company has developed a very good knowledge of the construction market’s local challenges. Its proven admixtures solutions have been used on the largest construction sites in recent years.

APTEX, a local player recognized for its expertise, has been operating in the field of construction chemicals since 2018. The company has a production unit and an application laboratory located in Casablanca.
“We are delighted to partner with an international structure offering significant means of development and a strong culture of innovation” commented Mohamed BENLYAMANIfounder of APTEX.

The CHRYSO – APTEX joint venture will provide its customers – cement manufacturers, concrete and precast producers, applicators, construction companies – a complete range of admixture solutions and decorative products for concrete, cement additives, and liquid screeds as well as dedicated services.

Thierry Bernard, CEO of CHRYSO declared: “By acquiring a majority stake in APTEX, we sustain our long-term relationship with our Moroccan customers and strengthen our local roots in Morocco. We will thus accelerate the deployment of new technologies and support manufacturers in the development of high-performance, environmentally friendly building materials”.

CHRYSO is pursuing its growth strategy in countries benefiting from strong momentum in the construction sector and the high value-added concrete market.

The transaction remains subject to the approval of the competent regulatory authorities. The transaction should be completed during the 4th quarter of 2020.


About the CHRYSO Group
Aimed at cement manufacturers, ready-mix concrete and precast industrials, and construction companies, CHRYSO’s offer includes cement additives, concrete admixtures and Solutions for Construction Systems (waterproofing solutions, mortars, etc.). CHRYSO® solutions have won renown on the most prestigious construction sites throughout the world thanks to the group’s extensive network, which includes 22 foreign subsidiaries and covers more than 100 countries through its wide network of distributors, licensees and agents. The CHRYSO group employs over 1,300 staff worldwide. Innovation, customer service, expertise and technical know-how are the CHRYSO Group’s cornerstones.

Other news

Local
01/03/23

CHRYSO GULF expands its concrete admixture business in Qatar

Chryso, a leading global player on the construction chemicals market announces that effective 1 March 2023, the admixture business of Sodamco Qatar WLL (CR Number 25298) is officially transferred to the management of CHRYSO Gulf LLC (CR Number 32301). CHRYSO Gulf, with its strong growth outlook and focus on customer centricity, empowerment, and innovation, is…
CHRYSO GULF expands its concrete admixture business in Qatar
Acquisition
04/01/23

Saint-Gobain strengthens its presence in Construction Chemicals

Saint-Gobain strengthens its presence in Construction Chemicals, with the acquisitions of MATCHEM in Brazil and IDP Chemicals in Egypt   Saint-Gobain, through its Chryso business, has completed the acquisition of Matchem in Brazil and entered into exclusive negotiations to acquire IDP Chemicals in Egypt.   The acquisitions of Matchem and IDP Chemicals will allow Saint-Gobain…
Saint-Gobain strengthens its presence in Construction Chemicals
best wishes 2023
29/12/22

Best wishes for 2023

These past 2 years were full of challenges with Chryso integrating Saint-Gobain in 2021 and the acquisition of GCP Applied Technologies this year. We are pleased to conclude 2022 with Chryso and GCP becoming one to meet your challenges, in over 45 countries. Together, we aim to become world leader in construction chemicals and support…
Best wishes for 2023
cement plant
Innovation
10/11/22

Master chromium and your team protection with CHRYSO®Reductis 6Ø

CHRYSO enlarges its product range reducing the Chromium VI in cement CHRYSO participated in the virtual 2022 WCT conference on “Innovation in cement production”. The company’s virtual presentation “Innovative Chromium VI reducer solution” was largely webcasted.   The speaker, Mrs. Estelle RAYNAUD, Cement BU Technical Director at CHRYSO, held a presentation on Innovative Chromium VI…
Master chromium and your team protection with CHRYSO®Reductis 6Ø