AVON, Ohio—Maroon Group L.L.C. has acquired 100 percent of the assets of Clinton, N.J.-based D.B. Becker Co. Inc., a distributor of specialty chemicals.
Maroon Group reported that D.B. Becker's management team will continue to actively manage the business. Terms of the transaction were not disclosed.
D.B. Becker was founded in 1954 and has a legacy of strong supplier and customer relationships through its technical product knowledge, outstanding service and consistent performance, Maroon Group said. D.B. Becker supplies nearly 1,000 customers along the East Coast, with an emphasis on high-performance and environmentally friendly raw materials for the paint, ink, coating, adhesive, polyurethane, construction, plastics and allied markets.
“We are honored to complete this acquisition which is our first step in a multi-tiered growth strategy,” said Mark Reichard, president and CEO of Maroon.
“D.B. Becker's management team has built an impressive business through their commitment to excellent customer service. We believe the company is well-positioned to continue its strong growth and we look forward to leveraging each company's portfolio of products through our expanded geographic footprint.”
Dan Canavan Sr., D.B. Becker's president and CEO shared a similar sentiment.
“Maroon Group and D.B. Becker share a similar vision for continued growth and sales excellence,” he added.
“This acquisition will provide a stronger and more sustainable organization moving ahead.”