June 30 2017, David R Brown
Goldman Sachs Group Inc. of the U.S. acquires Dutch-based full-line distributor, Caldic B.V
Caldic B.V. headquartered in Netherlands, has been acquired by Goldman Sachs Group Inc of the US, a global bank, active in investment banking, securities and investment management. Caldic's parent company, Eikenbosch Holding B.V. signed a share and purchase agreement on the 11th May 2017 for the sale of 100% of the shares in Caldic B.V. to funds for which Goldman Sachs & Co LLC acts as investment manager.
We see significant potential for Caldic to accelerate its growth pathMike Ebeling
Managing Director at the Goldman Sachs Merchant Banking Division
Founded in 1970, Caldic is an international full-line distributor of commodity and specialty chemicals to customers in the industrial, health, and food industries with entities in Europe, North America and Asia-Pacific. After the retirement of Mr. Van Caldenborgh Sr. in 2006 the company has been successfully managed by his son, Olav van Caldenborgh. With a view to securing the company's long-term future, and to fulfil the current growth strategy, it was decided Caldic needed a strong financial partner to help deliver the corporate vision.
Mr. Olav van Caldenborgh underlines the continuation of the current strategy: “I am grateful for the support and vision of my father who brought the company to where we are today. With full commitment and together with all colleagues I will further build on the strong foundation and continue the current direction of the company in the future. Our strategy for further growth, both organically and through acquisitions, will remain unchanged.”
“We are very impressed by the quality and the strength of the company that has been built by Mr. Van Caldenborgh Sr.”, says Mike Ebeling, Managing Director at the Goldman Sachs Merchant Banking Division. “We see significant potential for Caldic to accelerate its growth path. We are excited to be supporting the company's growth ambitions both organically and through acquisitions.”
The deal gained regulatory approval from the European Commission on the 23rd June 2017 and changes in the shareholding structure of Caldic are expected to be completed over the coming weeks. On completion the shares in Caldic BV will be transferred to Petrus Bidco B.V., an entity controlled by the Goldman Sachs Merchant Banking Division.
Caldic is an international distributor and producer of ingredients and products for the food, chemical and technical industries with 45 locations including offices, warehouses, laboratories, distribution centres and production facilities in 18 countries across Europe, Asia and North America. In 2016 the Group posted revenues in excessf EUR 750 million and employes over 1,000 people.
Source(s): Caldic Press Release, Other