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Construction market prospects pique investor’s interest in Chryso Group

Sources: Cinven Partners LLP, London; Chryso Group, Issy-les-Moulineaux, France; CP staff

An international private equity firm with a Europe-centric portfolio, Cinven has entered negotiations to acquire concrete, cement and construction chemical specialist Chryso Group based outside Paris. The business encompasses 29 manufacturing facilities, four research & development centers and 1,100-plus employees across Chryso Inc. in Rockwall, Texas, and sister operations world wide.

“There are considerable opportunities to grow the business organically, as well as through acquisitions and developing into new geographies,” says Cinven Partner Nicolas Paulmier. “Cinven has a significant track record of working with companies to support their buy and build strategies and internationalizing their businesses.”

“Chryso is extremely well positioned to benefit from attractive market drivers, including increasing concrete consumption for infrastructure and housing globally; the greater complexity and scale of construction projects, with tougher requirements on building materials’ performance; and, a growing focus on sustainable development,” adds Chryso Group CEO Thierry Bernard.

Cinven’s Industrials and French teams eyed Chryso based on strong market positions in developed and emerging geographies; successful track record of acquiring and integrating businesses, six in the past two years with further consolidation prospects; innovation capabilities facilitated through R&D centers and close proximity to customers; plus, strong growth in infrastructure spending globally, emerging economies’ increasing housing demands, and housing market recovery in the U.S. and Europe.

 

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