Avon, Ohio – December 16, 2016 – Maroon Group LLC announced today that it has acquired Cadence Chemical, a national distributor of specialty chemicals based in Stamford, CT. Cadence Chemical’s management team, led by John Wilson, will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed.
Founded in 2004, Cadence supplies specialty intermediates for the CASE, chemical processing, water treatment and associated industries. Cadence has a fantastic record of strong supplier and customer relationships executed by a dedicated team. The transaction marks another example of a successful entrepreneur joining the Maroon team whose experience and market insight will be instrumental in executing Maroon’s strategy going forward.
“We’re pleased to complete this acquisition and welcome Cadence to Maroon Group,” said Mark E. Reichard, President & CEO of Maroon Group. “John and his team have built an impressive company that shares a similar business model and values as Maroon. We will be making further investments in the organization to accelerate their growth and look forward to building upon Cadence’s historical success. The specialty intermediates segment, serviced by both Cadence and U.S. Chemicals, is an important part of our business and the combination provides a compelling product and service offering to our customers.”
“The collaborative culture and business model of Maroon Group are a super fit with Cadence,” comments John Wilson, President of Cadence Chemical. He added, “Maroon has the team and infrastructure in place that will allow us to further expand our business. The focus that they place on service to the customer is unmatched in our industry.”
Maroon Group (www.maroongroupllc.com) is one of the fastest growing specialty chemical distributors in North America. Based in Avon, Ohio, Maroon has thrived on creating success for customers by forming partnerships with world-class manufacturers and supplying consistent products on time. Customers have come to rely on Maroon’s technical sales team, exceptional customer service, and global sourcing capabilities. Maroon Group’s portfolio of companies include Maroon, Cadence Chemical, U.S. Chemicals, CNX Distribution, D.B. Becker, Addipel, and Polyram USA. The company will continue to explore opportunities to form partnerships with proven entrepreneurs that have built sustainable, best-in-class distributors of specialty chemicals and ingredients.
For more information, please contact:
Vice President - Corporate Development
Maroon Group LLC
1390 Jaycox Road