Established in the south of France, Cemexa is a French family business, which was set up in 1997. The company, one of the leaders in fluid cement screed, develops and sells – in France and worldwide – additives and processes which help improve the performance and reliability of fluid screeds.
Commenting on the transaction, Thierry BERNARD, President and Chief Executive Officer of the CHRYSO® Group, said: “We welcome with great enthusiasm the Cemexa team to our group. The synergies we expect to realise through our combined business expertise and know-how showcases our willingness to offer our customers an expanded portfolio of fluid screed solutions. We also aim to develop our international offering and reinforce our leadership in this specific market segment, which ties in with the overall growth strategy pursued by the group.”
Christophe CECCALDI, co-founder of Cemexa, who becomes Managing Director of the new subsidiary, added: “We share with CHRYSO® the spirit of innovation and the desire to offer robust solutions to screed professionals. We are happy to join a group that makes substantial and continuous investments in R+D. This should therefore allow us to design and develop new solutions for all our customers in France and around the world.”
The consideration for this acquisition is not disclosed.