Maroon Group acquires CNX Distribution to expand into the Southwest U.S.
North American specialty chemicals distributor Maroon Group LLC (Avon, OH – United States) announced on Monday that it has acquired CNX Distribution (Hurst, TX – United States), a Southwest U.S. distributor of specialty chemicals.
Founded in 2006, CNX Distribution supplies raw materials for the CASE, Plastics, Oil & Gas, and Chemical Processing industries. The current management team will remain in place and continue to actively manage the business, Maroon Group said.
Neither financial details nor terms of the transaction, which was the third for Maroon Group in 15 months, were disclosed.
Source: Maroon Group press release
HGE – DCG / 19.01.2016