Portugal: France’s Chryso has acquired Euromodal. The company was set up in 1986 and manufactures a range of construction chemicals from a plant located near Porto. It also offers services ranging from technical support, the formulation of mix designs and on-site support. Francisco Araujo, CEO of Euromodal, will become the general manager of Chryso in Portugal. No value for the transaction has been disclosed.
“We are delighted to integrate Euromodal into our group and look forward to working with the talented people who will become part of the Chryso business,” said Thierry Bernard, president and chief executive officer (CEO) of Chryso.
“The local production, the world-class local concrete laboratory and strong technical service will benefit our customers. After our recent acquisitions in Italy and in Ireland, this move demonstrates our willingness to enhance our positions in geographies where customers see benefits in value-added solutions and differentiated offerings.”