Propamsa buys Betec for undisclosed price

Spanish fast-drying cement and dry mortar producer, Propamsa, has acquired Spanish chemical products company Betec, for an undisclosed amount.

This will allow Propamsa to offer a wider range of high performance mortar and auxiliary products for concrete repairs as Betec is a specialist in these products. Propamsa generated revenues of €48.95million and a net profit of €3.4million in 2008.