Grace Construction Products seals De Neef deal

Source: Grace Construction Products, Cambridge, Mass.

Grace has closed on privately held De Neef Conchem Group, which supports global concrete protection and repair materials sales from U.S., Belgium (headquarters) and Spain production facilities.

Preventative and remedial waterproofing, plus concrete protection and repair products add a variety of new technologies to Grace Consruction Products structural waterproofing and building envelope portfolio, notes President Andrew Bonham. The De Neef Conchem acquisition, he adds, fits a growth strategy focused on acquiring companies in high-margin, construction industry segments; opening manufacturing facilities in emerging regions; and, alliances that can accelerate Grace brand extension into new markets. It follows the company’s recent purchase of Wuhan Meilixin New Building Materials, a waterproofing products manufacturer in China.