Generation Change at Dutch Distributor Caldic
Chemical distributor and manufacturer for the Food, Health & Personal Care and Industrial Markets Caldic B.V. (Rotterdam, The Netherlands) has recently published a change in the group’s shareholder structure, with a transfer of the shares from founder Joop N.A. van Caldenborgh to his son Olav van Caldenborgh and an entity controlled by financial investor Goldman Sachs Merchant Banking Division.
Caldic was originally set up in 1970 by Joop N.A. van Caldenborgh as local chemicals trader. Over the years the company developed into a globally active group with 23 entities in 17 countries and more than thousand employees. Its business is focussed on the production, distribution and development of chemical raw materials, functional food ingredients and components for energy and power transmission. When Joop N.A. van Caldenborgh retired in 2006, his son Olav van Caldenborgh took over as CEO. The former still serves as the Chairman of the Board.
No financial details were disclosed on the transaction.
Source: Caldic press release
HGE – DCG / 02.06.2017