Maroon Group acquired the Raw Materials and Specialty Chemicals distribution business of The Cary Company
March 3, 2021
Maroon Group LLC, recently acquired by Barentz International, announced today that it has acquired the Raw Materials and Specialty Chemicals distribution business of The Cary Company (the "Business"), a specialty distributor into the paint, coatings, adhesives, and plastics markets. The transaction represents an ideal fit with Barentz' 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 the Business on a day-to-day basis and will remain located in Chicago, Illinois.
"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," commented 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."
Established in 1895, the Business represents a portfolio of blue-chip suppliers and has been providing customers with technical solutions and value-add operational services for over 100 years. As part of Barentz' North American CASE & Plastics vertical, the Business will maintain focus on its core markets while leveraging access to Barentz' global footprint, world-class operational infrastructure, and digital capabilities to accelerate growth. Warehousing and logistical services will continue to be provided by The Cary Company and customers will maintain the high-level of service they have come to expect.
Howard Hubert, President of North American Case & Plastics, added, "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."
Barentz International (www.barentz.com) is a leading global distributor of life science ingredients and specialty chemicals. Based in The Netherlands, Barentz serves customers across the Human Nutrition, Pharmaceutical, Personal Care, Specialty Industrial, and Animal Nutrition markets through market-focused sales teams and application laboratories in EMEA, the Americas and, Asia-Pacific.
Established in 1953, Barentz has operations in more than 60 countries with a strong presence in EMEA and Asia-Pacific, and a rapidly growing presence in North America and Latin America. With a turnover of €1.4 billion, the company employs around 1,500 people worldwide and serves over 21,000 customers. For more information, visit barentz.com.
For more information, please contact:
Chief Commercial Officer, President – CASE & Plastics
+1 440 937 1000
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+31 (0)23 567 34 5611