Barentz International has entered into a definitive, written agreement to acquire Maroon Group, one of North America’s specialty distributors. Maroon operates at a national level in the US market as well as across Canada. The acquisition of this North American platform, which is expected to close this quarter, will expand Barentz’ activities.
Maroon Group is a distributor and one of the largest specialty suppliers to the HI&I, personal care & pharmaceutical, food & nutrition, and CASE markets across North America. Founded in 1977 and based in Avon, Ohio, Maroon generates an annual turnover of approximately $500 million and has approximately 300 employees. Maroon shares Barentz’ focus on leveraging industry and technical knowledge to support its suppliers’ and customers’ business development.
Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the operations.
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“Terry Hill brings excellent experience and ‘know-how’. He also knows my home country The Netherlands and Europe very well and has been highly successful and active in the global ingredients industry for more than 30 years,” said Hidde van der Wal, CEO of Barentz. “We are very pleased that he will join the Management Board of Barentz and guide us, with his very talented team of approximately 300 specialists, towards a smooth continuation of excellence and growth of both companies.”
Exact terms of the transaction have not been made public.