Caldic has closed the transaction and will merge with Asia-Pacific-based Connell forming an alliance poised to strengthen the company’s regional presence, which will operate under the Connel Caldic brand. Caldic has a presence in Europe, North America and Latin America. With the merger, Caldic flags that its turnover will be approximately EUR 3 bn. Caldic and Connell have operations in 43 countries, including 75 formulation centres and application labs.

In 2022, Caldic and GTM consolidated for the company to gain a presence in Latin America. Caldic’s product portfolio includes food ingredients, specialty chemicals and functional solutions for various life sciences and industrial end markets such as personal care and the pharmaceutical markets.