March 4 2021, David R Brown
Maroon Group LLC has acquired the distribution 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.
This transaction exemplifies our strategy and further strengthens our market-leading position in core marketsHidde van der Wal
CEO of Barentz
“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 distribution business of The Cary Company 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 acquired 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.
For The Cary Company the divestment enables it to concentrate on its containers and packaging business and they will continue to provide the Maroon Group LLC with warehousing and logistical services.
Barentz is a leading global life science ingredients distributor. The company sources branded specialty ingredients from leading manufacturers worldwide and its ingredient experts provide value-added technical support which includes pre-mixing, blending, ingredient formulation and ingredient testing from its state-of-the-art, customized formulation centers and application laboratories in EMEA, 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.
Source(s): Barentz Press Release