Distributor Barentz to acquire Maroon Group

摘要

Barentz International (Hoofddorp, Netherlands) says it has agreed to acquire Maroon Group (Avon, Ohio), a major distributor of specialty chemicals in North America. Terms of the transaction, including purchase price, were not disclosed. Barentz is backed by private equity frm Cinven (London, UK), while Maroon Group has been owned by CI Capital Partners (New York, New York), another private equity frm. The deal is expected to close later this year. Maroon Group, which is active in the personal care, cleaning, pharma, food ingredient, and CASE (coatings, adhesives, sealants, and elastomers) markets, signifcantly increases Barentz’s presence in North America. The company has about $500 million/year in revenue and around 300 employees.