February 28 2023, David R Brown
Caldic closes the merger with Connell creating a global ingredients and specialty chemicals distributor
Caldic has announced that the transaction to merge Caldic and Asia-Pacific-based Connell has closed, enabling Caldic to position itself firmly alongside the leading global players in specialty chemicals distribution. The strong regional presence of Connell helps Caldic to create a unique global growth platform with substantial footholds in two high-growth regions, in Asia-Pacific, and in Latin America, following the merger with GTM last year.
The global scale of our business will unlock multiple opportunities to create value with our business partnersAlexander Wessels
Group CEO of Caldic
On October 13, 2022, Advent International, financial sponsor of Caldic, and Wilbur-Ellis, owner of Connell, had announced their agreement to combine their life sciences and material sciences distribution businesses focused on nutrition, (bio)pharma, personal care and industrial formulations. The partnership between Advent International and Wilbur-Ellis will focus on a long-term shareholder commitment and a shared vision of building a fully integrated growth and innovation focused business.
Alexander Wessels, Group CEO, stated, “The global scale of our business will unlock multiple opportunities to create value with our business partners. Today's worldwide reach will make our offering of unique value-added services and products more widely accessible to the food & nutrition, (bio)pharma, personal care and industrial formulation markets, which will fuel new business development potential across the supply chain. Our ambition is to redefine the parameters of added value in the ingredients and specialty chemicals distribution sector, offering our customers a new standard in customised solutions.”
“We are very excited to embark on our joint journey as part of Caldic,” said Azita Owlia, CEO of Connell Caldic APAC. “Our customers are increasingly demanding customised solutions and extended supply chain services. We are committed to leverage the complementarity and synergies between both companies' value-added product portfolio and broader manufacturing and distribution facilities, to the benefit of our principals and customers.”
The Asia-Pacific region will operate under the Connell Caldic brand.
About Caldic Group
Caldic is a full-service solution provider engaged in the development of specialty solutions in the food, (bio)pharma, personal care and industrial markets. With locations throughout Europe, North America, LATAM 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. The Caldic Group now has around 3,500 employees across 43 countries, which provide solutions to over 35,000 customers supported by 75 formulation centers and application labs. The combined Group generated sales of around EUR 3 billion in 2022.
Source(s): Caldic Press Release