AVON, Ohio—Maroon Group L.L.C. has acquired Addipel L.L.C., a custom blender and re-packager based in Avon Lake, Ohio.
Maroon said Addipel has exhibited a history of growth since its inception in 2008 and fits well with Maroon's business model and culture.
“Maroon Group is excited to expand our value added service offering with the acquisition of Addipel,” Mark E. Reichard, president and CEO of Maroon Group, said in a statement.
The executive said the acquisition is Maroon's first in the firm's 37-year history.
“We look forward to consistently delivering organic growth as well as integrating strategic acquisitions that allow us to further develop our product portfolio and create success for our customers and principal partners,” Reichard said in a statement.
Maroon is a special chemical supplier based in Avon, supplying specialty additives, resins, pigments and packaging to North American manufacturers.