Forgot your password?
Skip Navigation Links
Advent to Merge Specialty Chemicals Providers Caldic and GTM
November 23, 2021

Private equity investor group Advent International has reached a conditional agreement this week with Goldman Sachs Asset Management to acquire Caldic BV, a global specialty chemicals solutions provider, at an undisclosed cost. Caldic will then merge with Advent portfolio company and Latin American chemical distribution company Grupo Transmerquim S.A. (GTM).

Advent added that it will pursue a long-term growth approach and intends to support Caldic throughout its next phase of growth.

With the acquisition, Caldic, which generated sales of about EUR 1 billion in 2020 and includes a product portfolio of food ingredients, natural products and functional solutions for life sciences and industrial end-market segments, will nearly double in size with GTM.

GTM chemical distribution portfolio serves a variety of industries, including the plastics resin sector.

The transaction is expected to close in the first half of 2022, subject to customary conditions and regulatory approvals. Terms of the agreement were not disclosed.

By Brian Balboa for The Plastics Exchange.

News Provided by COMTEX
Privacy Statement | Copyright © 2020 The Plastics Exchange. LLC. | Patent Protected | All Rights Reserved.