U.S. Subsidiary of Netherlands-based Life Science Ingredients Distributor expands Business
Maroon Group LLC (Akron, OH – United States), the U.S. subsidiary of life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) last week announced that it has acquired the raw materials and specialty chemicals distribution business of packaging and constainers supplier The Cary Company (Addison (Chicago), IL – United States) for an undisclosed sum. The business acts as a specialty distributor in the Paint & Coatings, Adhesives and Plastics markets. According to the announcement, the transaction represents an ideal fit with Barentz’ strategy to support customers and principals / suppliers through industry-focused sales and technical teams with a dedicated sector coverage.
The management team, led by Brian Ehlert, will continue to actively manage the business on a day-to-day basis. It will remain located in the Chicago, IL area. Warehousing and logistical services for the business will continue to be provided by The Cary Company.
No financial details were provided on this transaction.
Source: Barentz press release, The Cary Company website
HGE – DCG / 12.03.2021
Netherlands-based Life Science Ingredients Distributor invests in a significant Expansion of its Activities in North America
Life science ingredients distributor Barentz International N.V. (Hoofddorp, The Netherlands) announced yesterday that it has entered into a definitive agreement to acquire Maroon Group [“Maroon”] (Avon, Ohio – United States) a leading specialty chemicals distributor in North America with national operations covering the the U.S. market as well as activities across Canada through its subsidiary Cambrian Solutions Inc. (Oakville, Ontario -Canada).
Founded in 1977, Maroon generates an annual turnover of approx. USD 500 mn, the statement said. The group has approx. 300 employees that cover sectors such as HI&I [Cleaning], Personal Care & Pharmaceutical, Food & Nutrition, and CASE [Coatings, Adhesives, Sealants & Elastomers] across North America, supported by technical expertise and several specialised application laboratories. According to Barentz, Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.
No financial details were disclosed on the transaction, which is expected to close by end of this year.
Source: Barentz press release, Maroon Group website, Cambrian Solutions website
HGE – DCG / 15.10.2020