Maroon Group LLC, recently acquired by Barentz International, announced it has acquired the raw materials and specialty chemicals distribution business of The Cary Company, a specialty distributor in the paint, coatings, adhesives and plastics markets.
The transaction reportedly fits with Barentz's strategy to support customers and principal suppliers through industry-focused sales and technical teams with dedicated coverage in North America.
Warehousing and logistical services will continue to be provided by The Cary Company while leveraging access to Barentz's global footprint, operational infrastructure and digital capabilities to accelerate growth. The management team, led by Brian Ehlert, will continue to actively manage The Cary Company on a day-to-day basis and will remain located in Chicago, Illinois.
Hidde van der Wal, CEO of Barentz said, “Following the acquisition of Maroon Group in December 2020, we established a platform in North America from which we could pursue targeted growth through strategic acquisitions and expansion opportunities with our principal suppliers. This transaction exemplifies this strategy and further strengthens our market-leading position in core markets and adds a talented group of employees that we are excited to welcome to our team.”
Howard Hubert, president of North American case and plastics, added, “The Cary team represents an ideal fit with our culture and go-to-market strategy based on their high-touch service model and a solutions-based selling approach. When combined with our applications laboratories, national footprint, and global reach, we are well positioned to create value and drive growth for our principal suppliers and customers.”