AVON, Ohio—Maroon Group L.L.C. has acquired U.S. Chemicals, a national distributor of specialty chemicals based in Darien, Conn.
Maroon Group said in a news release that U.S. Chemicals' management team will remain in place and continue to manage the business actively, led by President Carol Piccaro. Terms of the deal were not disclosed.
U.S. Chemicals was founded in 1960, according to Maroon's release, and supplies specialty intermediates to the CASE, lubricants, plastics and associated industries.
“We're thrilled to complete this acquisition and welcome U.S. Chemicals to Maroon Group,” Mark E. Reichard, president and CEO of Maroon Group, said in a statement. “The opportunity to build on the customer and supplier relationships that U.S. Chemicals has fostered over its history is very important for our organization as we execute our growth strategy. This acquisition significantly broadens our product portfolio, service offerings, and customer base.”
Piccaro added in a statement that Maroon Group's culture, values and business model are a great fit with U.S. Chemicals.
“We look forward to building on Maroon Group's infrastructure and resources while maintaining the local sales and service offerings to which our customers and suppliers are accustomed,” she said. “This is an important step for U.S. Chemicals and we look forward to carrying on the legacy of our company.”
Maroon Group is a specialty chemicals distributor based in Avon. In addition to U.S. Chemicals, its portfolio of companies include Addipel, CNX Distribution, D.B. Becker and Polyram USA. The firm said it continues to explore opportunities aggressively to form partnerships with proven entrepreneurs that have built sustainable, successful companies.