News

Chryso, one of the world's leading specialists in building materials chemistry, and provider of innovative value-added solutions for the construction industry, has announced the acquisition of Euromodal. A Portuguese family company created in 1986, Euromodal manufactures a wide range of chemical products for construction in its new automated factory located near Porto. Its range of services includes technical support, product formulation and field support. Present in Portugal since 1993, Chryso has supported major infrastructure projects in the country. The company relies on a portfolio of clients including cement manufacturers, concrete producers (ready-mix concrete and prefabrication) and construction companies. "We are delighted to join Euromodal in the group and to work with new talents that will contribute to the development of Chryso. The combination of our activities in Portugal will strengthen our product mix and our presence as a market leader. Local production, a state-of-the-art laboratory and a powerful technical service will serve our customers well. Following the recent acquisitions in Italy and Ireland, this transaction demonstrates our desire to strengthen our positions in countries where customers perceive a real benefit in the use of value-added solutions and the development of differentiating offers, "said Thierry Bernard, president of the Chryso Group, commenting on this acquisition. "We are convinced of the great potential represented by our integration into the Chryso Group, which will enable us to offer our clients a high level of support on their most complex projects", added Francisco Araujo, CEO of Euromodal, who becomes general manager of Chryso in Portugal. Chryso did not wish to communicate on the amount of the transaction.