October 14 2020, David R Brown
Barentz to acquire Maroon Group, one of the largest N. American-based distributors of ingredients and specialty chemicals
Barentz International, a leading global distributor of life science ingredients, has entered into a agreement to acquire Maroon Group, one of North America's leading specialty distributors. Maroon operates at a broad national level in the US market as well as across Canada. The acquisition will expand Barentz' activities and is aligned with Barentz' strategy to become a global leader in the life science and the specialty chemical industries.
The combination will immediately make Barentz a leading global distributor with an excellent opportunity to establish new business segments in North AmericaHidde van der Wal
CEO of Barentz
Maroon Group is one of the largest specialty distributors to the HI&I, personal care & pharmaceutical, food & nutrition, and CASE markets across North America. Founded in 1977 and based in Avon, Ohio, Maroon generates an annual turnover of approximately USD 500 million and has approximately 300 employees. Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.
“We are very pleased that Terry Hill will join the Management Board of Barentz and guide us, with his very talented team of approximately 300 specialists, towards a smooth continuation of excellence and growth of both companies.”, said Hidde van der Wal, CEO of Barentz.
According to Mr. Hill, it was a logical decision to join with Barentz. “The deciding factor was that Barentz is already a global business and this creates tremendous opportunities to strengthen our business in North America and internationally.”.
This acquisition will bring a series of synergies. “Our product portfolios are very complementary,” added Hidde van der Wal. “We have no conflicts of interest and we can learn a lot from each other. Maroon Group has significant scale in North America - the biggest economy of the world, where we were small, until today. The combination will immediately make Barentz a leading global distributor with an excellent opportunity to establish new business segments in North America.”
The exact terms of the transaction have not been disclosed. The deal follows a strategic investment by Cinven, a leading international PE firm, in Barentz at the end of 2019.
Barentz is a leading global life science ingredients distributor for the Human Nutrition, Pharmaceutical, Personal Care and Animal Nutrition markets. Headquartered in the Netherlands, Barentz distributes branded, specialty ingredients from leading manufacturers worldwide and its ingredients experts provide value-added technical support (including pre-mixing, blending, ingredient formulation and ingredient testing) from its state-of-the-art, customized formulation centers and application laboratories in EMEA, the Americas and Asia-Pacific.
Established in 1953, Barentz has operations in more than 60 countries with a strong presence in Europe and Asia, and a growing presence in North America and Latin America. Today, the company employs around 1,100 people worldwide, sources ingredients from top global suppliers and serves over 15,000 customers.
Source(s): Barentz Press Release