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MAROON GROUP ACQUIRES CARY COMPANY’S RAW MATERIALS, SPECIALTY CHEMICALS

March 16, 2021
March 16, 2021
Malcolm Lightbody via Unsplash

Maroon Group, recently acquired by Barentz International, announced the acquisition of the Raw Materials and Specialty Chemicals distribution business of The Cary Company.

WHO: Established in 1895, The Cary Company represents a portfolio of blue-chip suppliers and has been providing customers with technical solutions and value-added operational services for over 100 years.

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.

Established in 1953, Barentz International 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. Barentz has operations in more than 60 countries with a turnover of €1.4 billion, the company employs around 1,500 people worldwide, and serves over 21,000 customers.

WHY: 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.

IN THEIR OWN WORDS: “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.”

Howard Hubert, President of North American CASE & Plastics vertical at Maroon Group, 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.”

DETAILS:

  • Maroon Group acquired the Raw Materials and Specialty Chemicals distribution business of The Cary Company.
  • 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.
  • 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.
  • Warehousing and logistical services will continue to be provided by The Cary Company.
  • Dutch ingredients supplier Barentz acquired Maroon in October 2020.
  • Maroon Group acquired Holland Chemicals in July 2020.
  • Maroon Group acquired Amsyn in August 2019.
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