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Barentz to Acquire Maroon Group

Friday, October 30, 2020

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Earlier this month, global distributor of life science ingredients, Barentz International (Hoofddorp, Netherlands) announced that it had entered a definitive, written agreement to acquire Avon, Ohio-based specialty distributor Maroon Group.

The acquisition is slated to expand Barentz’ activities and is aligned with the company’s strategy to become a global leader in the life science and broader specialty chemical industries.

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Earlier this month, global distributor of life science ingredients, Barentz International (Hoofddorp, Netherlands) announced that it had entered a definitive, written agreement to acquire Avon, Ohio-based specialty distributor Maroon Group.

"Our product portfolios are very complementary," said Hidde van der Wal, CEO of Barentz. "We have no conflicts of interest and we can learn a lot from each other. Maroon Group has significant scale in North America—the biggest economy of the world, where we were small, until today. The combination will immediately make Barentz a leading global distributor with an excellent opportunity to establish new business segments in North America. It is a natural combination that enables us to offer quality and expertise to our combined customer base."

Currently, Maroon is reported to have approximately 300 employees and generates an annual turnover of $500 million. Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the company’s operations.

According to Hill, it was a logical decision to join with Barentz.

"The deciding factor was that Barentz is already a global business and this creates tremendous opportunities to strengthen our business in North America and internationally. Barentz is well-known across the industry, we share the same philosophy and entrepreneurial DNA, and is the best possible new home for the stakeholders across our business," he remarked.

While exact financial terms of the transaction have not been disclosed, the deal is expected to close sometime this quarter. Kirkland & Ellis represented Barentz in the transaction. Moelis & Company LLC and Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Maroon on the transaction.

   

Tagged categories: Acquisitions; Asia Pacific; Barentz International; Business management; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Latin America; Maroon Group; North America; Program/Project Management; Z-Continents

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