Maroon Group acquires speciality chemicals business of The Cary Company

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

business news Image by Gino Crescoli from Pixabay

Targeted growth

“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,” comments 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.

Ideal fit

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.”

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za