October 21 2020, David R Brown
Caldic announces agreement to acquire Brand-Nu Laboratories and BNL Sciences
Caldic B.V. is to acquire Brand-Nu Laboratories Inc. and BNL Sciences Ltd., two distributors of specialty chemicals for the pharmaceutical and biopharmaceutical industries located in the US and Ireland. The acquisitions support Caldic's ambition to further expand their activities in the global pharma and biopharma markets and also widens their added-value service capabilities with clean room facilities, solvent blending and custom formulation production.
We are thrilled with this transaction as this will be a major step in expanding our existing (bio)pharma activitiesOlav van Caldenborgh
Board Member at Caldic
Brand-Nu is a privately-owned business that was founded in 1956. Located in Meriden, Connecticut, USA, the company focuses on the distribution of high purity specialty chemicals, excipients and biological raw materials to the pharmaceutical, biopharmaceutical, medical device, microelectronic materials and specialty chemical markets. Established in 2003, BNL Sciences is a partner to the biopharma pharma and medical device customers in Ireland and in Europe. Both companies share a common ownership.
“We are thrilled with this transaction as this will be a major step in expanding our existing (bio)pharma activities. It is as a highly attractive, fast growing segment in which we can add real value for our partners.” says Olav van Caldenborgh, Caldic Board Member. “With Brand Nu and BNL, we are acquiring strong partners with company cultures that are highly similar to Caldic’s culture, evolving around entrepreneurship, customer focus and relationship building.”
John Gorman, President Brand-Nu states “In Caldic we have found a great global partner that will help us accelerate our growth strategy. We can strongly relate to their customer centric focus and have a similar approach to offering a wide range of value-add solutions. As the companies are highly complementary and share the same values, we are convinced that the combination will be beneficial for all stakeholders involved.”
The transaction is expected to close prior to year-end and is subject to the satisfaction of customary closing conditions including regulatory approvals. John Gorman (President Brand-Nu) and the leadership teams will be joining Caldic to grow the combined footprint in the global pharma industry.
Caldic is a full-service solution provider engaged in the development of specialty solutions in the food, health & personal care and industrial markets. With locations throughout Europe, North America and Asia-Pacific, its strengths lie in its global network combined with local expertise, giving the flexibility to answer local needs and build domestic partnerships. Operating with in-house warehouses, manufacturing facilities and technical expertise, the company provides tailored solutions that contribute to customers’ business successes.
Source(s): Caldic Press Release