Advent International acquires Caldic
Caldic will merge with Advent portfolio company Grupo Transmerquim S.A. (GTM), chemical distributor in Latin America. The company employs around 1,200 people across 35 locations. The business generated sales of about EUR 1 billion in 2020.
“We pursue a long-term growth approach”
Ronald Ayles, Managing Partner and Global Head of Chemicals at Advent International said: “As with all our investments, we pursue a long-term growth approach and intend to support Caldic throughout its next phase of growth. We see great prospects in the combination with GTM, nearly doubling the size of the New Caldic from the start and we look forward to working in close cooperation with the highly qualified employees and management team to firmly establish the combination as a global growth platform.”
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.