Cinven completes Chryso acquisition

Cinven, an international private equity company, has acquired Chryso, supplier of additives and cement and concrete improvers. The acquisition was finalised on 28 June 2017.

France-based Chryso has upgraded its geographical footprint in recent years and has built new facilities in the UK, Algeria as well as a third plant in Adana, Turkey. Growth for the company has also come by way of acquisition with Betongkemi AB (Chryso Nordic AB), Corretech Qatar (Chryso Gulf) and more recently, Moderne Méthode and Beton Academy, which moved the company into offering decorative concrete.

“Over the past three years, our Group has conducted significant transformations and reinforced its presence in emerging economies, by acquiring local businesses with strong potential, and creating some new subsidiaries," said Thierry Bernard, president and CEO of the CHRYSO Group.

“We look forward to continuing the development of our ambitious strategy to become a global leader with the support of Cinven.”