International private equity firm Cinven is to sell Chryso, a provider of specialty chemicals for the construction industry, to Saint-Gobain, a specialist in the building materials sector.

Headquartered in France, Chryso is a leading global manufacturer of concrete admixtures and cement additives, as well as construction systems. Chryso provides value-added technology and chemistry expertise to improve the performance of construction materials. The Company has international operations, spanning Europe, the US, Asia, the Middle East and Africa, and generates revenues from more than 100 countries worldwide. Chryso has 35 industrial sites and five R&D centres globally and employs c1,300 people.

Cinven’s French and Industrials teams identified Chryso as a compelling investment opportunity and acquired the business in June 2017, building on Cinven’s strong track record as a private equity investor in France and leading franchise in the Industrials sector (including realised investments in CeramTec and SLV, and a current portfolio including Tractel, TK Elevator and Lonza Specialty Ingredients).

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Source: Private Equity Wire