- Advent International and Wilbur-Ellis to merge Caldic and Connell, their life sciences and specialty chemicals solutions businesses targeted on vitamin, pharma and industrial formulations
- The mixture creates a leading global platform with a substantial presence in two high-growth regions: in Asia-Pacific with Connell and in Latin America with Caldic-GTM
- Extending their global attain, Caldic and Connell becoming a member of forces will speed up development alternatives for principals and prospects by leveraging best-in-class labs, deep software know-how and global presence of the combined group
ROTTERDAM, Netherlands and SAN FRANCISCO, Oct. 14, 2022 /PRNewswire/ — Advent International (“Advent”), one of the largest and most skilled global personal fairness traders with a well-established monitor file in chemicals, and Wilbur-Ellis, one of the largest family-owned firms in the world, right this moment introduced that they’ve reached an settlement to merge their life sciences and specialty chemicals solutions businesses, Caldic B.V. (“Caldic”) and Connell, to create a global chief in its sector.
Caldic, a global supplier of specialty components and chemicals for the life sciences and industrial formulation markets with a main presence in Europe, North America and Latin America, will profit by rising its global presence by means of a merger with Connell, which is one of the main gamers in Asia-Pacific.
Under the possession of Advent and Wilbur-Ellis, the combined firm will profit from two robust shareholders dedicated to construct a leading global platform providing thorough experience in specialty components and chemicals solutions and distribution in two high-growth regions: in Asia-Pacific with Connell and in Latin America with Caldic-GTM, following Caldic’s merger with GTM in March 2022. By extending Caldic and Connell’s global footprint, the merger will speed up development alternatives for each principals and prospects and drive additional investments into individuals, technical labs, and websites. Together, Caldic and Connell may have greater than 3,800 staff throughout 43 international locations, which offer solutions to over 35,000 prospects by leveraging 75 formulation facilities and software labs and deep software know-how. The mixture will generate sales of about EUR 3 billion.
Ronald Ayles, Managing Partner at Advent International, mentioned: “By bringing together the highly complementary businesses of Caldic and Connell, we will form a truly global business with significant exposure to high-growth regions and very diversified end markets with a high value-add offering. In Wilbur-Ellis, we have found a committed partner who shares our long-term vision of building a fully integrated growth and innovation focused business. We look forward to working together with Wilbur-Ellis and the management teams of both Caldic and Connell in this exciting new chapter which brings synergistic business development opportunities for principals and customers alike.”
John Buckley, Wilbur-Ellis President and Chief Executive Officer, mentioned: “We couldn’t be more excited about the partnership between Connell and Caldic. With Caldic’s strong global position, and Connell’s 125-year presence in Asia-Pacific, the partnership will immediately establish a global, privately-held specialty chemicals and ingredients distribution leader. The combined organization will provide a broad range of solutions for customers.”
In latest years, Caldic has stood out as a quickly rising, innovation-driven participant. The firm constantly invests into value-add capabilities and has established itself as a leading participant in engaging and high-growth life science end-markets. Caldic’s administration crew has a monitor file of buying firms and subsequently integrating and accelerating their development underneath its possession.
Alexander Wessels, CEO, Caldic, said: (*3*)xn-location”>Asia-Pacific and Latin America. This is an exciting moment to join forces as we accelerate our growth and firmly position the business as one of the major global players in our industry.”
Connell’s product portfolio contains specialty chemicals and components for life science segments equivalent to meals, prescribed drugs, and private care, in addition to industrial segments, equivalent to coatings, rubber and lubricants. With a vital presence in Asia-Pacific, Connell’s strengths lie in its world-class community of principals, combined with technical and advertising and marketing experience, and its in depth presence in native segments. These strengths allow Connell to meet customer-specific necessities by means of custom-made formulation and advertising and marketing help and devoted, value-added mixing capabilities, which it has constructed out over its 125 years of native presence throughout the Asia-Pacific area.
Azita Owlia, who will function CEO of the combined entities in Asia-Pacific, added: “In terms of value creation, this is a huge win for our customers, suppliers, and employees. We will be stronger than ever and able to bring reach and capabilities to the segments we serve, as well as global growth opportunities for our employees.”
The transaction is predicted to shut in the first quarter of 2023 topic to customary circumstances and regulatory approvals. Terms of the settlement weren’t disclosed.
Wilbur-Ellis and Connell have been suggested in this transaction by Rabobank and Natrium Capital, joint monetary advisors.
About Advent International: Founded in 1984, Advent International is one of the largest and most skilled global personal fairness traders. The agency has invested in over 395 personal fairness investments throughout 41 international locations, and as of June 30, 2022, had $96 billion in belongings underneath administration. With 15 places of work in 12 international locations, Advent has established a globally built-in crew of 270 personal fairness funding professionals throughout North America, Europe, Latin America and Asia. The agency focuses on investments in 5 core sectors, together with industrial & chemicals, business and monetary companies; expertise; well being care and retail, shopper and leisure. For over 35 years, Advent has been devoted to worldwide investing and stays dedicated to partnering with administration groups to ship sustained income and earnings development for its portfolio firms.
Apart from Caldic, Advent has invested in over 30 different firms in the chemicals trade over latest years. Examples embody Röhm, one of the global market leaders in methacrylate chemicals, allnex, a global chief in resins for the paints and coatings trade, Oxea, a leading provider of oxo alcohols and oxo derivatives, and VIAKEM, a leading producer of advantageous chemicals.
Advent’s method is to present vital help to administration groups by aiding with working assets and experience from its Portfolio Support Group and third-party Operating Partner program.
For extra data, please go to: www.adventinternational.com
LinkedIn: www.linkedin.com/firm/advent-international
About the Wilbur-Ellis firms: Founded in 1921, the Wilbur-Ellis firms are leading worldwide entrepreneurs, distributors and producers of agricultural merchandise, animal vitamins and specialty chemicals and components. By creating robust relationships, making strategic market investments, and capitalizing on new alternatives, the Wilbur-Ellis firms have continued to develop the business with sales of over $3.5 billion. For extra data, please go to www.wilburellis.com
About Caldic: Because we care, we contact the lives of a whole bunch of hundreds of individuals daily. We encourage modern and sustainable solutions in life science and specialty chemicals for the meals, pharma, private care and industrial markets of the world. Our solutions, fastidiously sourced and custom-made to exacting specs each time required, are backed by excellent analysis & growth, customer support, and technical & regulatory help, guaranteeing that they meet exactly decided wants at each stage of the worth chain.
Across Europe, North America and Asia-Pacific, our roughly 2,600 staff go the additional mile day in, time out, to ship value-add solutions for our prospects. In our actions we embrace the ideas of sustainability designing merchandise, companies and processes with these in thoughts. From formulation to supply, from ingredient to packing, from provider to buyer, we care about each element of what we do. Because each element is in our care.
For extra data, please go to www.caldic.com
About Connell: Connell is a leading marketer and distributor of specialty chemicals and components in Asia-Pacific, with 125 years of expertise. Its in depth community throughout 48 areas in 18 international locations is the place big-business assets meet small business agility. Connell brings excellent insights and service to the life and industrial science markets, whereas selling a broad vary of leading global producers, its personal formulated merchandise, and in depth technical, advertising and marketing and provide chain experience. With its intimate market information and inventive method, Connell supplies its business companions with limitless alternatives to develop their businesses.
Logo – https://mma.prnewswire.com/media/828166/Wilbur_Ellis_Company_Logo.jpg
Logo – https://mma.prnewswire.com/media/1920714/CONNELL_Logo.jpg
Photo – https://mma.prnewswire.com/media/1920715/683A6903.jpg
Logo – https://mma.prnewswire.com/media/1920716/Logo_Caldic_Digital_2020_Logo.jpg
Logo – https://mma.prnewswire.com/media/1920717/AI_Primary_RGB_Pos_Logo.jpg
View authentic content material:https://www.prnewswire.co.uk/news-releases/advent-international-and-wilbur-ellis-announce-the-merger-of-their-life-sciences-and-specialty-chemicals-solutions-businesses-to-form-a-leading-global-value-add-distribution-platform-with-unique-positions-in-high-growth-regions-an-301649213.html
