CMGP announces the acquisition of the Moroccan Chemical Products Company (CPCM)

CMGP Group has announced that it has reached an agreement to acquire 92.5% of the capital of the Moroccan Chemical Products Company (CPCM) from its historical shareholders, ABC Holding and Mr. Khalid Lahlou. The company aims to eventually increase its stake to 100%. The enterprise value of CPCM is estimated at nearly one billion dirhams, marking a key milestone in the execution of CMGP Group's strategic roadmap. This acquisition continues CMGP Group's external growth strategy, which began with the acquisition of CAS in 2021 and was further strengthened in 2024 with a stake in Agrosem. The integration of CPCM will enable CMGP Group to better support farmers and clients of both entities by providing a broader, more integrated, and accessible range of products. This aligns with current challenges in agronomic performance, sustainability, and competitiveness. With the addition of CPCM, CMGP Group accelerates its development in the phytosanitary market while further expanding its portfolio to include chemical products for water treatment and various industrial applications such as paper, cardboard, and paint. The projected revenue for CPCM in 2025 is estimated at 500 million MAD, contributing to a consolidated revenue of nearly 3 billion MAD for the group, excluding synergies. The combination of expertise from CMGP Group and CPCM is expected to generate significant industrial and commercial synergies, particularly in export markets. This will strengthen CMGP Group's integrated, resilient, and multi-sectoral model, opening new growth avenues beyond the agricultural sector. The completion of the transaction is subject to the fulfillment of customary conditions, including obtaining approval from the Competition Council. Youssef Moamah, CEO of CMGP Group, stated, "This acquisition illustrates our ambition to build an integrated and sustainable group, serving agriculture and beyond. By joining forces with CPCM, we will be able to offer farmers and our clients an even more comprehensive range of solutions tailored to their daily challenges. This operation reinforces our role as a trusted partner, capable of supporting the performance, competitiveness, and sustainability of the agricultural sector while opening new growth opportunities for our entire ecosystem."