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Mergers & Acquisitions
Original Press Release
Kryton International Acquires Cementec Industries to Advance Smart Concrete® Solutions
Press release date: Nov 02, 2017
- Acquisition cements Kryton's leadership position in concrete waterproofing, concrete erosion and concrete abrasion resistance.
- Innovative products provide solutions to the construction industry's need for long-lasting concrete infrastructure thereby avoiding costly repairs and replacements.
VANCOUVER, Nov. 2, 2017 - Vancouver-based Kryton International Inc., which specializes in crystalline concrete waterproofing, announces its acquisition of Calgary-based Cementec Industries Inc, a manufacturer of concrete additive solutions for the construction, oil and gas industries.
This acquisition demonstrates Kryton's commitment to innovation while complementing its existing lineup of Smart Concrete® waterproofing solutions. Hard-Cem®, the integral concrete hardening admixture developed by Cementec, is an award-winning innovation which provides concrete with unmatched resistance to abrasion and erosion. With this admixture, concrete floors and infrastructure last up to six times longer than untreated concrete. As a result, costly repairs and the inconvenience of shutdowns can be avoided.
Cementec also manufactures Silica Fume products that are used to densify and strengthen concrete. These Cementec solutions can be used in conjunction with Kryton's award winning Krystol Internal Membrane™ (KIM®) system to provide customers with Smart Concrete solutions that will save time while providing durability.
"The breakthrough concrete solutions developed by Cementec are technically superior and innovative. Not only do they increase infrastructure's service life and eliminate exposure to harmful dust, Hard-Cem removes quality control issues and provides increased design flexibility. This will bring greater value to our customers," says Kari Yuers, CEO of Kryton.
"Hard-Cem and Silica Fume will extend our product offerings in integral concrete durability, erosion and abrasion protection. We intend to be a go-to solutions provider to an industry that is increasingly concerned about protecting and extending the lifespan of concrete structures," adds Kevin Yuers, Vice-President of Product Development at Kryton.
"This is a perfect match of expertise and a shared mission in providing unique solutions, exemplary customer service and market leadership," says Farid Remtulla, President of Cementec. "Kryton will offer global exposure for Cementec products," he adds.
Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary Krystol® technology since 1973. It has won awards for innovation, manufacturing, best place to work and entrepreneurial awards. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally.
Cementec Industries Inc. is an award winning product developer and manufacturer of proprietary concrete products for the construction, oil and gas industries. Cementec manufactures Hard-Cem, an integral (not surface applied) concrete hardener for increased abrasive and erosive wear resistance of ready-mix concrete, precast concrete and shotcrete. It won the Most Innovative Product Award at the World of Concrete in 2007. Hard-Cem has been utilized in over 50 million square feet of concrete at work across North America in commercial, industrial, hydro and infrastructure applications. Cementec is also the only manufacturer of Silica Fume products in Western Canada.
Further information is available at www.kryton.com
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