Change in shareholding structure Caldic
May 8, 2017 - Rotterdam, The Netherlands - On Friday May 5, 2017, an agreement was signed to change the shareholding structure of Caldic, a full-service distributor and manufacturer for the Food, Health & Personal Care and Industrial markets.
Since the establishment of Caldic in 1970 by Mr. J.N.A. van Caldenborgh, the company has shown consistent growth and development. From a chemicals trader Caldic has become a global player focused on the production, distribution and development of chemical raw materials, functional food ingredients and components for energy and power transmission. Nowadays Caldic is active in 17 countries with 23 entities and employs over a thousand people.
After the retirement of Mr. Van Caldenborgh Sr. in 2006 the company has been successfully managed by his son, Olav van Caldenborgh. With a view to the future and with the aim to continue the successful developments of the past, the shares in Caldic BV have been transferred to him and an entity controlled by the Goldman Sachs Merchant Banking Division as a strong financial partner.
Mr. Olav van Caldenborgh underlines the continuation of the current strategy: “I am grateful for the support and vision of my father who brought the company to where we are today. With full commitment and together with all colleagues I will further build on the strong foundation and continue the current direction of the company in the future. Our strategy for further growth, both organically and through acquisitions, will remain unchanged.”
“We are very impressed by the quality and the strength of the company that has been built by Mr. Van Caldenborgh Sr.”, says Mike Ebeling, Managing Director at the Goldman Sachs Merchant Banking Division. “We see significant potential for Caldic to accelerate its growth path. We are excited to be supporting the company’s growth ambitions both organically and through acquisitions.” After obtaining the customary regulatory clearances the change in shareholding structure will be effectuated this summer.
Caldic is a full-service distributor engaged in the production and distribution of Food ingredients, Health & Personal Care and Industrial solutions. With entities in Europe, North America and Asia-Pacific, its strengths lie in its global network combined with local expertise, giving the flexibility to answer local needs and build domestic partnerships. Operating with in-house warehouses, production facilities, test centers, and technicalexpertise, the company provides tailored solutions that contribute to customers’ business successes. Further information on Caldic can be found on the website: www.caldic.com
About Goldman Sachs Merchant Banking Division
The Goldman Sachs Merchant Banking Division is the primary center for Goldman Sachs’ long term principal investing activity, and Goldman Sachs has operated this business as an integral part of the firm for more than 25 years. The group invests in equity and credit across corporate strategies and has raised capital to invest across a number of geographies and industries since 1986. With nine offices in seven countries around the world, the Goldman Sachs Merchant Banking Division is one of the largest managers of private capital globally, offering deep expertise and long-standing relationships with companies, investors, entrepreneurs and financial intermediaries around the globe. Further information on Goldman Sachs can be found on the website: www.goldmansachs.com.