Barentz International ("Barentz") enters into a definitive, written agreement to acquire Maroon Group ("Maroon"), one of North America's leading specialty distributors. Maroon operates at a broad national level in the US market as well as across Canada.
Acquisition Aligned with Barentz' Strategy
The acquisition is expected to close this quarter, will expand Barentz' activities and is aligned with Barentz' strategy to become a global leader in the life science and broader specialty chemical industries.
Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.
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We are very pleased that he 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.
Maroon Fits into Barentz' Product Portfolio
Maroon Group is one of the world class distributors and one of the largest specialty suppliers to the HI&I, personal care and pharmaceutical, food and nutrition, and CASE markets across North America.
Maroon will fit seamlessly into Barentz' global product portfolio and will have access to synergistic business development opportunities across all of North America.
This acquisition will bring a series of synergies. "
Our product portfolios are very complementary. 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," added Hidde van der Wal.
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The combination will immediately make Barentz one of the leading global distributors with an excellent opportunity to establish new business segments in North America. It is a natural combination that enables us to offer quality and expertise to our combined customer base.”
Source: Maroon Group