January 10 2014, David R Brown
US speciality distribution group, KODA Distribution acquires New Jersey-based Marcor Development Corp
Marcor Development Corp., a New Jersey-based distributor of specialty chemicals and naturally derived ingredients for use in nutraceuticals, biologicals, pharmaceuticals and related applications for more than 30 years, has announced that it is being acquired by KODA Distribution Group (KDG), a leading US specialty chemical distributor.
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Marcor will maintain its current management and staff, operating from its Carlstadt, NJ headquarters. Charles Garbarini, President, noted, “we welcome the opportunity to be the foundation of KDG's growth into these markets and look to offer our customers new, expanded product lines and capabilities”.
With the acquisition of Marcor, KDG plans to establish itself in the Pharma/bionutrients business segment. Frank Bergonzi, CEO of KDG said, “Marcor is a true specialty chemical solutions provider, and they will lead us into the value added markets of bionutrients, pharmaceutical actives, fermentation, diagnostic media, nutritional products and enzymes. We are excited about Charles and his team joining forces with KDG, and we look forward to their contribution in this important specialty sector. We believe this segment has significant growth potential.” The transaction closed on January 10, 2014; no financial details were disclosed.
About KODA Distribution Group
Headquartered in Stamford, CT, KODA Distribution Group is a leader in specialty chemical distribution, serving customers in CASE as well as specialty agricultural (ADAPCO and Red River Specialties), plastics, construction, personal care, lubrication, metalworking, ink and urethanes markets. It is comprised of seven regional companies servicing those markets in the United States: Ribelin Sales, Inc. in the Southwest and Southeast; GMZ in the Ohio Valley/Midwest; P.T. Hutchins in the West; E.W. Kaufmann in the Northeast/Mid-Atlantic as well as: Monson Companies, ADAPCO and Red River Specialties.
Source(s): Koda Distribution press release