Chryso, a world leader in manufacturing additives for concrete and cement as well as developing added-value and innovative solutions for the building industry, has announced its acquisition of Cemexa, a major player in France and internationally in the cement screed market.

The Chryso Group, which already owns the Belitex self-leveling screed technology, is now able to enlarge its product offering by acquiring both Cemexa’s Cemfloor and Mobicem ranges, and strengthens its overall position in the screed market in France and abroad.

Established in the south of France, Cemexa is a French family business 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 Research and Development to allow us to design and develop new solutions for all our customers in France and around the world.”

The consideration for this acquisition was not disclosed.