Euclid Chemical Company, a leading manufacturer of concrete and masonry construction products, has acquired Chryso's North American cement grinding aids and additives business. Terms of the transaction were not disclosed.
The acquired technologies are sold to cement manufacturers to enhance the performance of cement and to reduce CO2 emissions during its production. Cement is the key ingredient in concrete, the world's most widely used building material.
"This is a strategic acquisition that more closely aligns Euclid Chemical with the cement industry, while complementing our strong offering in the concrete industry," said Euclid Chemical President Tom Gairing. "In addition, the sustainability benefits of these products support customer demand for more environmentally friendly solutions, as well as our mission to build a better world for all of our stakeholders."