Maroon Group steps into the Canadian market
Avon, Ohio - Maroon Group LLC has acquired the Canadabased company Cambrian Solutions Inc., a distributor of specialty ingredients and chemicals, based in Oakville, Ontario.
“This firmly establishes Maroon Group’s foothold in Canada and will serve as another platform for growth,” Terry Hill, CEO of the Maroon Group.
The acquisition marks the Maroon Group’s tenth add-on acquisition and significantly extends the company’s North American footprint, providing Maroon with market-leading distribution capabilities across key-end markets in Canada.
“This transformational acquisition for our organization aligns with our strategic priorities of targeted aggressive growth and market leadership in strategic end markets,” said Hill.“We’ve admired Cambrian Solutions for several years due to the quality of their team, their culture, and the innovative solutions that they deliver. We are honored to carry on the legacy that the entire Cambrian team has built, and are excited about the tremendous shortand long-term commercial opportunities available to us through the combination of our organizations.”
Established in 1995, Cambrian Solutions offers a broad portfolio of specialty ingredients and chemicals to customers in a variety of industries including the pulp and paper sector. In addition to broadening its North American network of customers, suppliers, and facilities, this acquisition reinforces the company’s focus on providing differentiated value-added capabilities to customers’ and principals’ supply chains through technical proficiency, formulary expertise, and client solutions laboratories.
Cambrian’s leadership team will continue to actively manage the business on a day-today basis while leveraging Maroon Group’s global network of resources.
“We are thrilled about this opportunity as Maroon Group is an ideal partner for us - sharing our focus on our people, technology, and sustainability,” commented Peter Jobling, president of Cambrian Solutions. “We look forward to the stability and growth-oriented resources provided by the Maroon organization while taking this next step in the evolution of our company. We see great opportunities for collaboration between Maroon Group’s technical centers of excellence, our respective commercial teams, and our global sourcing network as we drive value for our customers.”
Since CI Capital’s June 2014 investment, Maroon Group has completed ten add on acquisitions and has grown its revenue six fold. Most recently, in July 2019, Maroon Group acquired New Hampshire based Amysn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics markets. In May 2018, Maroon Group completed the acquisition of J. Tech Sales, a market leader and national distributor of chemicals and ingredients to the HI&I, food and beverage, and coatings markets.