September 1 2022, David R Brown
Caldic expands footprint in the US with the acquisition of Avatar
Caldic B.V. has acquired Avatar Corporation, a value-add distributor of specialty food ingredients and custom solutions based in University Park (Illinois, US). The unique distribution and manufacturing capabilities of Avatar are expected to significantly strengthen Caldic's portfolio for the food industry and enable further expansion in North America, specifically in the US.
Avatar's state-of-the-art manufacturing facility offers liquid blends, packing and warehousing as well as a dedicated R&D laboratory
Anne Brown
CEO Caldic North America
Founded by Michael L Shamie in 1982, Avatar's solutions and distribution activities serve the food industry, with a focus on bakery, meat, pet food, dairy and confectionary. The company offers products ranging from antioxidants and oils, as well as food processing aids, such as high-performance release agents, and a market-leading range of release agents. The Avatar team in Chicago is dedicated to developing custom made solutions and has substantial expertise in customized liquid formulations and blending. Caldic also gain the addition of a onsite industrial railroad service with terminal, transloading and railcar storage, which provides an alternative transport channel that is both flexible and environmentally friendly in alignment with Caldic's ESG proposition.
Anne Brown, CEO Caldic North America, said that “We are delighted to welcome the Avatar team aboard Caldic. Avatar's state-of-the-art manufacturing facility offers liquid blends, packing and warehousing as well as a dedicated R&D laboratory, which enables us to provide our North American customers with a broader product portfolio as well as custom made solutions.”
William Kersey, EVP Operations, added, “The team at Avatar are excited to join Caldic. Our customer-centric culture and our strong drive to innovate and deliver custom solutions is fully aligned with Caldic's strategy and values. Mike Shamie, the founder of Avatar, who sadly passed away in August 2020, would be proud that the company he built, will continue to grow and prosper under Caldic's leadership. Our combined assets and expertise will enable us to work with our customers across the Americas to realize the opportunities to drive a more sustainable business going forward.”
About Caldic
Caldic is a full-service solution provider engaged in the development of specialty solutions in the food, health & personal care and industrial markets. With locations throughout 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, manufacturing facilities and technical expertise, the company provides tailored solutions that contribute to customers' business successes. Prior to the merger with GTM, Caldic reported revenues in 2021 of just under EUR 1 billion and the Group has around 1100 full time employees.
Source(s): Caldic Press Release
Further Information
Visit: https://www.caldic.com