Maroon Group Acquired Cambrian Solutions

September 23, 2019

Maroon Group LLC ("Maroon Group" or the "Company") announced today that it has acquired Cambrian Solutions Inc. ("Cambrian Solutions" or "Cambrian"), a distributor of specialty ingredients and chemicals based in Oakville, Ontario, Canada. This marks Maroon Group's tenth add-on acquisition and significantly extends the Company's North American footprint, providing Maroon with market-leading distribution capabilities across key end markets in Canada.

Established in 1995, Cambrian Solutions offers a broad portfolio of specialty ingredients and chemicals to customers in the Naturals and Organics; Food; Household, Industrial and Institutional; Health Ingredients; Personal Care; Petroleum; Pulp & Paper; and Industrial markets. In addition to broadening its North American network of customers, suppliers, and facilities, this acquisition reinforces the Company's focus on providing differentiated value-added capabilities to customers' and principals' supply chains through technical proficiency, formulary expertise, and client solutions laboratories. Cambrian’s leadership team will continue to actively manage the business on a day-to-day basis while leveraging Maroon Group’s global network of resources.

"This transformational acquisition for our organization aligns with our strategic priorities of targeted aggressive growth and market leadership in strategic end markets," said Terry Hill, CEO of Maroon Group. "We've admired Cambrian Solutions for several years due to the quality of their team, their culture, and the innovative solutions that they deliver. We are honored to carry on the legacy that Peter, Brenda, Mike, Greg and the entire Cambrian team has built, and are excited about the tremendous short-and long-term commercial opportunities available to us through the combination of our organizations. This firmly establishes Maroon Group's foothold in Canada and will serve as another platform for growth," Hill added.

"We are thrilled about this opportunity as Maroon Group is an ideal partner for us - sharing our focus on our people, technology, and sustainability," commented Peter Jobling, President of Cambrian Solutions. "We look forward to the stability and growth-oriented resources provided by the Maroon organization while taking this next step in the evolution of our company. We see great opportunities for collaboration between Maroon Group's technical centers of excellence, our respective commercial teams, and our global sourcing network as we drive value for our customers."

Since CI Capital's June 2014 investment, Maroon Group has completed ten add‐on acquisitions and has grown its revenue six fold. Most recently, in July 2019, Maroon Group acquired New Hampshire based Amysn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics markets. In May 2018, Maroon Group completed the acquisition of J. Tech Sales, a market leader and national distributor of chemicals and ingredients to the HI&I, Food & Beverage, and Coatings markets. Today, Maroon Group employs more than 100 technical sales professionals throughout North America and provides a broad portfolio of specialty products, value-add service offerings, and formulary support via market-focused centers of excellence.

Maroon Group,, is a leading distributor of specialty chemicals and ingredients across North America. Based in Avon, Ohio, Maroon Group has thrived on creating success for customers by forming partnerships with leading manufacturers and supplying consistent products on time. Customers in the CASE, Plastics, Specialty Intermediates, CARE, and HI&I markets have come to rely on Maroon Group's technical sales team, exceptional customer service, and global sourcing capabilities.