The terms of the acquisition, which is expected to close this quarter, were not disclosed.
Barentz International has entered into a definitive, written agreement to acquire Maroon Group. The acquisition, which is expected to close this quarter, will expand Barentz’ activities and is aligned with the company’s strategy to become a global leader in the life science and broader specialty chemicals industries. The terms of the acquisition were not disclosed.
Founded in 1977 and based in Avon, Ohio, Maroon generates an annual turnover of about $500 million and has approximately 300 employees. According to Barenz, Maroon will fit seamlessly into its global product portfolio and will have access to synergistic business development opportunities across all of North America. Terry Hill, CEO of Maroon Group, and the entire management team will continue to manage the operations.