May 3 2016, David R Brown
Maroon Group continue North American expansion with the acquisition of U.S. Chemicals
Maroon Group LLC has acquired U.S. Chemicals, a national distributor of specialty chemicals based in Darien, CT. U.S. Chemicals' management team will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed. The deal is the the Group’s 4th acquisition in 18 months. Besides U.S. Chemicals, the Maroon Group's portfolio of companies includes Addipel, CNX Distribution, D.B. Becker and Polyram USA.
This acquisition significantly broadens our product portfolio, service offerings, and customer base
Mark E. Reichard
President & CEO of Maroon Group
Founded by Howard T. Von Oehsen in 1960, U.S. Chemicals supplies specialty intermediates to the CASE, lubricants, plastics, and associated industries. The business will continue to be led by Howard’s daughter, Carol Piccaro.
“We're thrilled to complete this acquisition and welcome U.S. Chemicals to Maroon Group,” said Mark E. Reichard, President & CEO of Maroon Group. “The opportunity to build on the customer and supplier relationships that U.S. Chemicals has fostered over its history is very important for our organization as we execute our growth strategy. This acquisition significantly broadens our product portfolio, service offerings, and customer base. Led by Carol Piccaro, the company has a talented team with a strong track record of growth and outstanding customer service.”
“Maroon Group's culture, values, and business model are a great fit with U.S. Chemicals,” comments Carol Piccaro, U.S. Chemicals President. She added, “We look forward to building on Maroon Group’s infrastructure and resources while maintaining the local sales and service offerings to which our customers and suppliers are accustomed. This is an important step for U.S. Chemicals and we look forward to carrying on the legacy of our company.”
About Maroon Group LLC
Founded in 1977, Maroon Group LLC is one of the fastest growing specialty chemical distributors in North America. Based in Avon, Ohio, Maroon supplies specialty additives, resins and pigments to manufacturers focused on plastics, coatings, composites, graphic arts, rubber and adhesives markets. The Maroon Group is owned by Maroon Group management and CI Capital Partners, a New York-based private equity firm. The company continues to aggressively explore opportunities to form partnerships with proven entrepreneurs that have built sustainable, successful companies. Maroon are a NACD responsible distribution verified company.
Source(s): Maroon Group Press Release