Saint-Gobain-backed Chryso to acquire Matchem and IDP Chemicals.

Saint-Gobain-backed Chryso, a provider of specialty chemicals for the construction industry, agreed to acquire Matchem, a provider of construction chemicals, and IDP Chemicals, a provider of building materials. Financial terms were not disclosed. The acquisitions of Matchem and IDP Chemicals are in line with Saint-Gobain's "Grow & Impact" strategy aiming to both strengthen the group's leadership and accelerate its growth by enriching its range of solutions for light and sustainable construction. The acquisitions of Matchem and IDP Chemicals will allow Saint-Gobain to strengthen its position in construction chemicals, in particular concrete admixtures which play a key role in the decarbonization of the construction industry.