May 2 2024, David R Brown

Caldic have announced the acquisition of Ricardo Molina, a leading distributor of specialty ingredients and chemicals for life science and industrial markets headquartered in Barcelona (Spain). The deal enhances Caldic's product portfolio and added-value services offerings as well as expanding its footprint in Iberia and Latin America.

It is very exciting to join Caldic as we embark on a growth journey with a customer-centric organization at a global scale, enabling our principals and customers to benefit from a broader set of capabilities, experiences, and best practices

Remedios Marcos
Managing Director of Ricardo Molina

Founded in 1927, Ricardo Molina is renowned for its solutions-oriented approach aimed at delivering distinct and measurable value to the food & nutrition, pharma, personal care, and industrial markets. Through Molina Insights, Molina Lab, and Molina Academy, the company has invested in its advisory and training capabilities and competencies, enabling their expert technical teams to formulate solutions that extend beyond the ingredient, based on the premise that true value lies in the combination of innovation capabilities, technical expertise, market know-how, and business understanding.

The acquisition of Ricardo Molina also significantly strengthens Caldic's network of laboratories in Europe. A state-of-the-art food application lab, personal care lab, and R&D lab for industrial applications, in combination with dedicated technical experts will greatly enhance the formulation and advisory capabilities for customers.

“We are delighted to onboard the Ricardo Molina team at Caldic”, says Laurent Pasqualini, CEO Caldic Europe. “Ricardo Molina's approach to creating unique value for each customer is fully aligned with Caldic's continuous quest to provide premium value to our partners' business. The complementary product portfolio and technical expertise will be valuable assets to help us accelerate the delivery of innovative and sustainable solutions to customers in the European market.”

Remedios Marcos, Managing Director, Ricardo Molina, commented: “Today marks a significant milestone in our company's history that is characterized by private ownership and local focus. It is very exciting to join Caldic as we embark on a growth journey with a customer-centric organization at a global scale, enabling our principals and customers to benefit from a broader set of capabilities, experiences, and best practices.”

The completion of the transaction is subject to regulatory approvals. The closing is expected to take place in the second quarter of 2024.

About Caldic Group
Caldic is a full-service solution provider engaged in the development of specialty solutions in the food, (bio)pharma, personal care and industrial markets. With locations throughout Europe, North America, LATAM 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. The Caldic Group now has around 4,000 employees across 43 countries, which provide solutions to over 30,000 customers supported by 75 formulation centers and application labs. The combined Group generated sales of around EUR 2.5 billion in 2023.

Source(s): Caldic Press Release

Further Information

Visit: https://www.caldic.com