Maroon buys Cambrian Solutions
Ohio-based chemicals distributor Maroon Group has acquired Cambrian Solutions, a Canadian distributor of specialty ingredients and chemicals. CEO Terry Hill called this a “transformational acquisition for our organisation [that] aligns with our strategic priorities of targeted aggressive growth and market leadership in strategic end markets”.
Based at Oakville, Ontario, Cambrian supplies multiple industries, including personal care, health ingredients pulp and paper, and household, industrial and institutional (HII), among others. It also operates client laboratories and claims formulation expertise. Terms were not disclosed.
This is Maroon’s tenth add-on acquisition since CI Capital invested in it in 2014. Earlier this year, it had acquired Amsyn, a US distributor of speciality chemicals and intermediates to the coatings, lubricants, nutraceutical, pharmaceutical and electronics industries, with similar technology capabilities to Cambrian. Previously, in May 2018, Maroon had also acquired, J. Tech Sales, a distributor of chemicals and ingredients to the HI&I, coatings, food and beverage markets