Advent-backed Caldic to merge with Wilbur-Ellis-backed Connell.

Advent-backed Caldic, a chemical products manufacturer and distributor, agreed to merge with Wilbur-Ellis-backed Connell, a marketer and distributor of specialty chemicals and ingredients. Financial terms were not disclosed. "By bringing together the highly complementary businesses of Caldic and Connell, we will form a truly global business with significant exposure to high-growth regions and very diversified end markets with a high value-add offering. In Wilbur-Ellis, we have found a committed partner who shares our long-term vision of building a fully integrated growth and innovation focused business. We look forward to working together with Wilbur-Ellis and the management teams of both Caldic and Connell in this exciting new chapter which brings synergistic business development opportunities for principals and customers alike," Ronald Ayles, Advent International Managing Partner.