CEMEXA ACQUISITION STRENGTHENS CHRYSO’s POSITION IN SCREED MARKET

Chryso, a world leader in manufacturing additives for
concrete and cement as well as developing added-value and innovative solutions
for the building industry, has announced its acquisition of Cemexa, a major
player in France and internationally in the cement screed market.

The Chryso Group, which already owns the Belitex
self-leveling screed technology, is now able to enlarge its product offering by
acquiring Cemexa’s Cemfloor and Mobicem ranges, and strengthening its overall
position in the screed market.

Established in the south of France, Cemexa is a French
family business set up in 1997. The company, one of the leaders in fluid cement
screeds, develops and sells additives and processes which help improve the
performance and reliability of fluid screeds.

Thierry Bernard, President and CEO of the Chryso
Group, said: “We welcome with great enthusiasm the Cemexa team to our
group. The synergies we expect to realise through our combined business
expertise and know-how showcases our willingness to offer our customers an
expanded portfolio of fluid screed solutions. We also aim to develop our
international offering and reinforce our leadership in this market segment
which ties in with the group’s overall growth strategy.”

Christophe Ceccaldi, co-founder of Cemexa, who becomes
MD of the new subsidiary, added: “We share with Chryso the spirit of
innovation and the desire to offer robust solutions to screed professionals. We
are happy to join a group that makes substantial and continuous investments in
Research and Development to allow us to design and develop new solutions for
our customers in France and worldwide.”

The consideration for this acquisition was not
disclosed.

Further info:
Elrene Smuts, tel 011 306 9000/ www.chryso-group.com