Maroon Group buys US specialty chemicals distributor Cadence Chemical
US-based Maroon Group has acquired national specialty chemicals distributor, Cadence Chemical, based in Stamford, Connecticut.
Led by John Wilson, the management team of Cadence Chemical will continue to operate and actively manage the business.
Maroon Group president and chief executive officer Mark E Reichard said: “We’re pleased to complete this acquisition and welcome Cadence to 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 organisation to accelerate their growth and look forward to building upon Cadence’s historical success.
“The specialty intermediates segment, serviced by both Cadence and US Chemicals, is an important part of our business and the combination provides a compelling product and service offering to our customers.”
Terms of the acquisition transaction have not yet been disclosed.
Cadence Chemical president John Wilson said: “The collaborative culture and business model of Maroon Group are a super fit with Cadence.
“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.”
Established in 2004, Cadence Chemical delivers specialty chemicals for the CASE, chemical processing, water treatment as well as associated industries.
Based in Avon, Ohio, Maroon Group distributes specialty chemicals across North America.