Holcim Group Services Ltd: Holcim acquires Chrono Chape

Holcim Group Services Ltd / Key word(s): Acquisition
Holcim acquires Chrono Chape

05.01.2023 / 07:00 CET/CEST

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• A French leader in mobile self-leveling screeds
• Complementary fit with broader Holcim footprint across France

Holcim announces the acquisition of Chrono Chape, one of France's leading independent providers of on-site self-leveling screeds. These fluid applications are used to create a smooth, even foundation upon which builders can lay the floor's finish, such as carpet or tile. Operating an innovative fleet of batching trucks that mix and apply screeds directly at the customer's job site, Chrono Chape controls the quantities of materials required for each operation with meticulous precision, delivering "zero-waste" service. The combination of innovation and efficiency has driven Chrono Chape's reputation in the market to generate double-digit growth in recent years.

Miljan Gutovic, Region Head Europe: "I am excited to acquire Chrono Chape as another step in advancing our 'Strategy 2025 - Accelerating Green Growth'. With this operation, we will expand our range of services and geographic footprint in France. Building on the entrepreneurial vision and legacy of the Dupuy family, I look forward to investing in this business' next era of growth and warmly welcoming their employees into the Holcim family."

Chrono Chape was founded in 2005 in Longeault-Pluvault, near Dijon, France. As part of the Holcim network, Chrono Chape is expected to deliver strong synergies with the company's extensive ready-mix concrete presence throughout France.

About Holcim
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

Learn more about Holcim on www.holcim.com, and by following us on LinkedIn.

More information on Chrono Chape is available on www.chrono-chape.fr.

Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

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End of Media Release

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1527745 05.01.2023 CET/CEST