Maroon Group acquisition of Cambrian Solutions : Maroon Group, backed by CI Capital Partners, has acquired Cambrian Solutions, an Ontario, Canada-based specialty ingredients and chemicals distributor, increasing the former’s North American presence.
Cambrian Solutions, which was founded in 1995, provides specialty ingredients and chemicals to customers in the natural and organic; food; household, industrial, and institutional (HI&I); health ingredients; personal care; petroleum; pulp & paper; and industrial markets.
The acquisition, which is Maroon’s 10th add-on acquisition, also extends the company’s network of customers, suppliers, and facilities as well as distribution abilities across key end markets in Canada.
Terry Hill – CEO of Maroon Group, commenting on Maroon Group acquisition of Cambrian Solutions, said: “This transformational acquisition for our organization aligns with our strategic priorities of targeted aggressive growth and market leadership in strategic end markets.
“We’ve admired Cambrian Solutions for several years due to the quality of their team, their culture, and the innovative solutions that they deliver.
“This firmly establishes Maroon Group’s foothold in Canada and will serve as another platform for growth.”
Maroon Group will also focus on offering differentiated, value-added capabilities to customers’ and principals’ supply chains through technical proficiency, formulary expertise, and client solutions laboratories.
Commenting on Maroon Group acquisition of Cambrian Solutions, Peter Jobling – president, Cambrian Solutions said: “We are thrilled about this opportunity as Maroon Group is an ideal partner for us – sharing our focus on our people, technology, and sustainability.
“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.”
In July 2019, Maroon Group acquired Amysn, a New Hampshire-based national specialty chemicals distributor to coatings, lubricants, nutraceutical, pharmaceutical, and electronics markets.
Maroon Group caters to customers in the CASE, Plastics, Specialty Intermediates, CARE, and HI&I markets.
CI Capital Partners, a North American private equity investment firm, and its portfolio companies have made over 330 acquisitions corresponding to approximately US$10 billion in enterprise value since inception in 1993.