Caldic Buys Malaysia’s DCM Asia

Dutch specialty chemicals distributor Caldic has acquired Malaysian company DCM Asia. Financial terms of the deal were not disclosed.

Located in Selangor Darul Ehsan, DCM Asia is a leading distributor of specialty chemicals serving more than 1,000 customers in the coating & construction, plastics & rubber, personal care and food nutrition markets in both Malaysia and southeast Asia.

Caldic described the business as “a great fit” with its existing operations in southeast Asia, adding that it will further strengthen its position in the Asia-Pacific region.

DCM Asia’s CEO Deek Sern Lee added: “Caldic’s full-service specialty strategy perfectly reflects our vision for the future. It means both our customers and employees will benefit from Caldic’s global network and capabilities.”

The acquisition is the first for Caldic since September 2018, when it acquired US food ingredients distributor Cooperative Purchasers. The Rotterdam-based company made two other purchases that year, notably HT Griffin Food Ingredients, a Canadian manufacturer and supplier of food ingredients and blending solutions, and Acatris, another food ingredients supplier that operates in the Netherlands and Belgium.