Caldic-Connell merger done
The merger between speciality chemicals distribution firms Caldic and Connell has been closed, creating a new global player with sales of €3 billion/year, 3,500 FTE employees and a presence in 43 countries. It will be mainly active in the food, (bio)pharma, personal care and industrial formulations markets.
“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 Latin America, following the merger with GTM last year,” Caldic said.
The new firm will be called Caldic, except in the Asia-Pacific region where Connell was stronger. Here it will operate under the Connell Caldic brand. It is jointly owned by Advent International and Wilbur-Ellis, hitherto owners of Caldic and Connell respectively.