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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.

Caldic and Connell to merge

Caldic, the Netherlands-based distributor of life sciences and speciality chemicals, is to merge with Connell of the US, following an agreement by their respective owners, Advent International and Wilbur-Ellis. This should close in Q1 2023, subject to customary conditions and regulatory approvals. Terms were not disclosed and the companies will remain privately owned.

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