AVON, Ohio—Maroon Group L.L.C. acquired Seidler Chemical, a specialty chemicals and ingredients distributor based in Newark, N.J.
Maroon said in a Sept. 20 news release that Seidler's management—led by Richard and Martha Seidler—will remain in place to actively manage the business, but did not disclose terms of the transaction.
"We are thrilled about the opportunity to work with Rich, Martha and their team and welcome a company with a 120-year history to Maroon Group," Mark E. Reichard, president and CEO of Maroon Group, said in a statement. "This acquisition allows us to expand our value-add service offering and build additional scale in attractive end markets."
Established in 1896, Seidler Chemical supplies specialty chemicals, ingredients and services to the pharmaceutical, high purity electronic, industrial and food and beverage industries.
"We're excited to be part of an organization like Maroon Group that shares our focus on customer success," Seidler Chemical President Rich Seidler said in a statement. "Providing stability for our employees, customers, and suppliers was a priority when Martha and I set out on this course. Maroon has a proven track record of success as it relates to acquiring businesses like Seidler. They understand the importance of servicing the customer, continue to invest in acquired companies, and have a thoughtful approach to integration. Maroon Group was the right partner to continue the legacy of our family's company."
Headquartered in Avon, Maroon Group is a distributor of specialty chemicals and ingredients across North America.