Morocco's CMGP Group to Acquire 92.5 Percent of Cpcm in Mad 1 Billion Deal

9 October 2025
Daba Finance (Abidjan)

TLDR

  • CMGP Group (BVC: CMG) has signed an agreement to acquire 92.5% of Compagnie de Produits Chimiques du Maroc (CPCM) from historical shareholders ABC Holding and Khalid Lahlou
  • The acquisition expands CMGP's footprint in crop protection, water treatment, and industrial chemicals, aligning with its long-term strategy
  • This marks CMGP's third major acquisition after CAS in 2021 and Agrosem in 2024

CMGP Group (BVC: CMG) has signed an agreement to acquire 92.5% of Compagnie de Produits Chimiques du Maroc (CPCM) from historical shareholders ABC Holding and Khalid Lahlou, valuing the target at about MAD 1 billion ($98 million). The company said it may raise its stake to 100% at a later stage.

The acquisition expands CMGP's footprint in crop protection, water treatment, and industrial chemicals, aligning with its long-term strategy of building a diversified agribusiness platform. CPCM is projected to generate MAD 500 million in revenue in 2025, which would lift CMGP's consolidated turnover to nearly MAD 3 billion, excluding synergies.

Keep up with the latest headlines on WhatsApp | LinkedIn

This marks CMGP's third major acquisition after CAS in 2021 and Agrosem in 2024. The deal, pending approval from the Competition Council, is expected to create strong industrial and export synergies.

Daba is Africa's leading investment platform for private and public markets. Download here

Key Takeaways

CMGP's acquisition of CPCM represents one of Morocco's most significant consolidation moves in agribusiness and industrial chemicals. The transaction reinforces CMGP's strategy of vertical integration -- combining irrigation, fertilizer, and chemical production -- to strengthen supply resilience and expand exports across Africa. With agriculture contributing roughly 14% of Morocco's GDP, CMGP's diversified model positions it as a key enabler of the country's agricultural modernization and sustainability agenda. CEO Youssef Moamah said the move builds on the company's ambition to serve "agriculture and beyond," reflecting a shift toward broader industrial capabilities such as water management and chemical processing. Pending regulatory approval, the acquisition will also enhance CMGP's competitiveness in regional markets, supporting Morocco's wider industrial policy goals of developing value-added agricultural exports and local manufacturing capacity.

Read the original article on Daba Finance.

Tagged:
Copyright © 2025 Daba Finance. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.