# Addev Materials acquires Graytone Group subsidiaries Pexa and PSG

Addev Materials Group, backed by Tikehau Capital and BPI France, has acquired UK-based Graytone Group's subsidiaries Pexa and PSG, expanding its supply range of adhesives, sealants and chemicals to include paints and coatings.

- Type: Acquisition
- Announced: 2023-11-08
- Where: United Kingdom
- Status: completed
- Products: adhesives, sealants, chemicals, paints, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Addev Materials](https://endata.com/companies/5671.md) (acquirer)
- [PSG](https://endata.com/companies/9511.md) (target)
- [Graytone Group](https://endata.com/companies/38887.md) (target)
- [Pexa](https://endata.com/companies/38888.md) (target)

## Sources

- [unquote.com](https://www.unquote.com/france/official-record/3014590/pe-backed-addev-materials-bolts-on-graytone), 2023-11-08: "The acquisition of Pexa and PSG, Graytone's subsidiaries, is part of Addev's strategy to expand its supply range of adhesives, sealants and chemicals, to include paints and coatings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.