FOR IMMEDIATE RELEASE
Avon, Ohio – March 1, 2017 – Maroon Group LLC announced today that it has acquired Lincoln Fine Ingredients, a national distributor of specialty chemicals based in Lincoln, RI. Lincoln Fine Ingredient’s management team, led by Jim Noon and Walter Martish III, will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed.
Established in 1976, Lincoln Fine Ingredients is a distributor of specialty chemicals and ingredients, and provides value-add service offerings, to the Personal Care, Cosmetic, Food & Beverage, Pharmaceutical and Household/Industrial segments. The transaction signifies another example of successful entrepreneurs joining the Maroon team whose experience and market insight will be instrumental in executing Maroon’s strategy going forward.
“Jim, Walter and their team have built a great company that shares a similar customer-centric approach as Maroon Group,” said Mark E. Reichard, President & CEO of Maroon Group. “We’re delighted to complete this acquisition, which we’ve targeted for quite some time,” Reichard added, “This represents Maroon Groups first foray into the CARE segment. We’re gaining some real momentum having completed six acquisitions in less than three years, including companies operating in the CASE, Plastics, Specialty Intermediates and CARE segments.”
“We’re excited to be part of a dynamic organization like Maroon Group that allows us to continue to lead, collaborate across our combined platform and invest in our growth.” comments Walter Martish III, President of Lincoln Fine Ingredients. Jim Noon, Lincoln’s Executive Vice President adds, “The long-term stability that this provides for our employees, customers and key suppliers was a priority when Walter and I set out on this course. Maroon understands specialty chemical distribution, has proven their ability to invest behind their acquisitions, thoughtfully integrate them and contribute to their ongoing success.”
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 Lincoln Fine Ingredients, 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
Avon, Ohio 44011