LBO France buys construction chemicals maker Chryso for Euro 285 mn

LBO France, an independent private equity firm, has completed the acquisition of Chryso, a construction chemicals specialist, from Materis for Euro 285 million, alongside the present management team.
 
A leading global specialty chemicals player at the service of the construction industry, Chryso is specialised in admixtures and construction systems, and is renowned for its strong innovation capability. Admixtures are used in concrete and cement in order to improve properties such as setting, hardening time, fluidity, or strengths. Construction systems are products for concrete repair, flooring, adhesives and waterproofing.
 
LBO France will now closely work with Chryso’s management team to drive the company’s ambitious business plan by reinforcing its technological leadership and continuing its geographic expansion at a global level
 
Talking about this strategic move, Robert Daussun, CEO, LBO France, said, “We know Chryso extremely well as it was a subsidiary of Materis - where we had a major shareholding between November 2003 and May 2006. We are convinced that this company has a strong potential for growth, especially through the innovation within the product. We are confident about this highly experienced management team and the strong footing the company has in the global market.”
 
With sales of Euro 239 million in 2013 and nearly 1,000 employees, Chryso is a global player, industrially and commercially present in over 20 countries. The company has exposure to both developed (Europe, North America) and emerging markets, with the latter accounting for over 50 per cent of its business.