CMGP Group (BVC:CMG) has reached an agreement to acquire 92.5% of Compagnie de Produits Chimiques du Maroc (CPCM) from its historical shareholders, ABC Holding and Khalid Lahlou, with the option to raise its stake to 100% in the future. The deal values CPCM at nearly MAD 1 billion and marks a major step in CMGP’s strategic roadmap.
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This acquisition follows CMGP’s earlier external growth moves, including CAS in 2021 and Agrosem in 2024. It strengthens the group’s position in crop protection while expanding into water treatment and industrial chemicals. CPCM is expected to generate MAD 500 million in revenue in 2025, bringing CMGP’s consolidated turnover to nearly MAD 3 billion, excluding synergies.
According to the company, the integration will unlock strong industrial and commercial synergies, including new export opportunities, reinforcing CMGP’s diversified, resilient, and integrated model. Final completion of the deal remains subject to regulatory approval, including clearance from the Competition Council.
CEO Youssef Moamah emphasized that the acquisition reflects CMGP’s ambition to build a sustainable, integrated group serving agriculture and beyond, with an enhanced range of solutions to support farmers’ competitiveness and long-term growth.
