Cinven's Chryso bolts on Chemtec Admixtures

Chemtec Admixtures CEO James Grace will continue to run the firm's activities in Ireland.

Cinven acquired Chryso from LBO France in 2017. The deal was the fourth investment from Cinven VI, closed on €7bn. 

Founded in 1942 and based in Issy-les-Moulineaux, Chryso develops chemical additives and mixtures that improve the performance of concrete and cement. Its products are used for construction materials, and the repair and maintenance of buildings.

With manufacturing facilities and R&D centres spread across Europe, Africa, the Middle East, Asia and the US, Chryso employed 1,130 people as of 2017. The group sells its products in more than 100 countries and recorded €300m in sales in 2016, with EBITDA of €50m.

Company
Founded in Dublin in 2004, Chemtec Admixtures has operated as Chryso's exclusive Irish distributor for 13 years, providing admixtures for concrete, demolding oils and waterproofing agents, mainly to precast manufacturers.

People
Chryso - Thierry Bernard (CEO).
Chemtec Admixtures - James Grace (founder).

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