September 23 2019, David R Brown
Maroon Group acquires Canadian specialty chemicals distributor, Cambrian Solutions
North American specialty chemicals distributor, Maroon Group LLC has acquired Cambrian Solutions Inc., a distributor of specialty ingredients and chemicals based in Oakville, Ontario, Canada. This marks the Maroon Group's tenth add-on acquisition and significantly extends the Company's North American footprint, providing Maroon with market-leading distribution capabilities across key end markets in Canada.
This firmly establishes Maroon Group's foothold in Canada and will serve as another platform for growthTerry Hill
CEO of Maroon Group
Established in 1995, Cambrian Solutions offers a broad portfolio of specialty ingredients and chemicals to customers in the Naturals and Organics; Food; Household, Industrial and Institutional; Health Ingredients; Personal Care; Petroleum; Pulp & Paper; and Industrial markets. In addition to broadening Maroon's North American network of customers, suppliers, and facilities, the acquisition reinforces the Company's focus on providing differentiated value-added capabilities to customers' and principals' supply chains through technical proficiency, formulary expertise, and client solutions laboratories.
“This transformational acquisition for our organization aligns with our strategic priorities of targeted aggressive growth and market leadership in strategic end markets,” said Terry Hill, CEO of Maroon Group. “We've admired Cambrian Solutions for several years due to the quality of their team, their culture, and the innovative solutions that they deliver. We are honored to carry on the legacy that Peter, Brenda, Mike, Greg and the entire Cambrian team has built, and are excited about the tremendous short-and long-term commercial opportunities available to us through the combination of our organizations.” Hill added.
Since CI Capital's June 2014 investment, Maroon Group has completed ten add‐on acquisitions and has grown its revenue six fold. Most recently, in July 2019, Maroon Group acquired New Hampshire based Amysn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics markets. In May 2018, Maroon Group completed the acquisition of J. Tech Sales, a market leader and national distributor of chemicals and ingredients to the HI&I, Food & Beverage, and Coatings markets. Today, Maroon Group employs more than 100 technical sales professionals throughout North America and provides a broad portfolio of specialty products, value-add service offerings, and formulary support via market-focused centers of excellence.
About Maroon Group LLC
Founded in 1977, Maroon Group LLC is one of the fastest growing specialty chemical and ingredient distributors in North America. Based in Avon, Ohio, Maroon supplies specialty additives, ingredients, resins and pigments to manufacturers focused on plastics, rubber, CASE, composites, life science and HI&I markets. Portfolio companies of the Maroon Group include Maroon, Lincoln Fine Ingredients, Cadence Chemical, U.S. Chemicals, CNX Distribution, D.B. Becker, Addipel, Polyram US, J Tech Sales and Amysn.
Source(s): Maroon Group Press Release