Maroon Group LLC, a US-based chemicals distributor has acquired the raw materials and speciality chemicals distribution business of the Cary Company, a supplier to the paint, coatings, adhesives and plastics markets.
Barentz said that the deal with the Cary Company fits with its strategy to support customers and principal suppliers in North America.
Financial details of the deal have not been disclosed.
In October, Maroon Group was acquired by Barentz International, a Netherlands-based distributor of life science ingredients and speciality chemicals.
Barentz CEO Hidde van der Wal said: “Following the acquisition of Maroon Group in December, 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, as well as adding a talented group of employees whom we are excited to welcome to our team.”
The Cary Company was established in 1895 and represents a portfolio of blue-chip suppliers. As part of Barentz’ North American CASE & Plastics vertical, the firm will focus on its core markets while using Barentz’ global footprint, operational infrastructure and digital capabilities to accelerate growth.
It will stay located in Chicago, Illinois, and will continue to provide warehousing and logistical services.
Barentz North American CASE & Plastics president Howard Hubert said: “The Cary Company represents an ideal fit with our culture and go-to-market strategy based on their high-touch service model and 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.”