CHRYSO, a world leader in manufacturing additives for concrete and cement as well as developing added-value and innovative solutions for the building industry (‘the Group’), announced that it has signed an agreement for the acquisition of certain assets of RUREDIL S.p.a., including the operating business divisions: concrete admixtures, cement additives, technical mortars, accessories for precast systems, fibres, products for decorative concrete and restoration, but excluding the Rurmec brand and the structural reinforcement business division. The consideration is not disclosed.
RUREDIL is an Italian company, established in the 1950s. It manufactures chemicals and structural reinforcement systems, and owns well-recognised brands in the construction industry such as Ruredil and Levocell.
The CHRYSO acquisition of RUREDIL’s operating business divisions will enable CHRYSO to further develop its offering of high-technological products for the building industry. It will strengthen its presence in the different market segments, from construction to repair, and widen its range of solutions. This new business will increase the product mix and service offer proposed to customers.
Trade unions are being consulted on the transaction. Its completion, expected over the summer, would be subject to satisfaction or waiver of customary conditions precedent.