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Maroon Group to Acquire Raw Material Distributor

Wednesday, March 17, 2021

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Specialty chemicals distributor Maroon Group LLC announced earlier this month that it has acquired the raw materials and specialty chemicals distribution business of The Cary Company, a specialty distributor in the paint, coatings, adhesives and plastic markets.

According to Maroon’s parent company Barentz International, the transaction represents an ideal fit with its strategy to support customers and principal suppliers through industry-focused sales and technical teams with dedicated coverage in North America.

The management team, led by Brian Ehlert, will continue to actively manage Cary on a day-to-day basis and will remain located in Chicago.

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Specialty chemicals distributor Maroon Group LLC announced earlier this month that it has acquired the raw materials and specialty chemicals distribution business of The Cary Company, a specialty distributor in the paint, coatings, adhesives and plastic markets.

Following the acquisition of Maroon Group in December 2020, we established a platform in North America from which we could pursue targeted growth through strategic acquisitions and expansion opportunities with our principal suppliers,” said Hidde van der Wal, CEO of Barentz. This transaction exemplifies this strategy and further strengthens our market-leading position in core markets and adds a talented group of employees that we are excited to welcome to our team.

Cary was established in 1895 and will maintain its focus while leveraging Barentz’s global footprint, according to the company.

The Cary team represents an ideal fit with our culture and go-to-market strategy based on their high-touch service model and a solutions-based selling approach. When combined with our applications laboratories, national footprint, and global reach, we are well positioned to create value and drive growth for our principal suppliers and customers,” said Howard Hubert, President of North American Case and Plastics.

Financial terms of the deal were not disclosed.

Previous Maroon News

The agreement for Barentz to acquire Maroon Group was announced in October, and was 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.

Our product portfolios are very complementary,” said van der Wal said at the time. 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.

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 are continuing to manage the company’s operations.

Then, at the end of 2020, Maroon announced a new partnership with BRB International, a global manufacturer of specialty silicones and silicone additives.

The deal slated that Maroon Group “will be the distributor of BRB International's Specialty Silicone materials for the CASE and Construction Market, West of the Rockies,” according to the companies. In addition, Maroon Group was granted non-exclusive distribution rights to BRB International's line of Silane Coupling Agents, Silane Crosslinkers, Silicone Oils and Silicone OH Polymers.

   

Tagged categories: Acquisitions; Barentz International; Business matters; EMEA (Europe, Middle East and Africa); EU; Good Technical Practice; Maroon Group; Mergers; NA; North America

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