03.08.17
Maroon Group LLC announced that it has acquired Lincoln Fine Ingredients, a national distributor of specialty chemicals based in Lincoln, RI. Lincoln Fine Ingredient’s management team, led by Jim Noon and Walter Martish III, will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed.
Established in 1976, Lincoln Fine Ingredients is a distributor of specialty chemicals and ingredients, and provides value-add service offerings to the Personal Care, Cosmetic, Food & Beverage, Pharmaceutical, and Household/Industrial segments.
“Jim, Walter, and their team have built a great company that shares a similar customer-centric approach as Maroon Group,” said Mark E. Reichard, president and CEO of Maroon Group. “We’re delighted to complete this acquisition, which we’ve targeted for quite some time,”
“This represents Maroon Group’s first foray into the CARE segment,” Reichard added. “We’re gaining some real momentum, having completed six acquisitions in less than three years, including companies operating in the CASE, Plastics, Specialty Intermediates, and CARE segments.”
“We’re excited to be part of a dynamic organization like Maroon Group that allows us to continue to lead, collaborate across our combined platform, and invest in our growth,” said Walter Martish III, president of Lincoln Fine Ingredients.
“The long-term stability that this provides for our employees, customers, and key suppliers was a priority when Walter and I set out on this course,” Jim Noon, Lincoln’s EVP, added.
Based in Avon, OH, Maroon Group’s portfolio of companies include Lincoln Fine Ingredients, Maroon, Cadence Chemical, U.S. Chemicals, CNX Distribution, D.B. Becker, Addipel, and Polyram USA. of specialty chemicals and ingredients.
Established in 1976, Lincoln Fine Ingredients is a distributor of specialty chemicals and ingredients, and provides value-add service offerings to the Personal Care, Cosmetic, Food & Beverage, Pharmaceutical, and Household/Industrial segments.
“Jim, Walter, and their team have built a great company that shares a similar customer-centric approach as Maroon Group,” said Mark E. Reichard, president and CEO of Maroon Group. “We’re delighted to complete this acquisition, which we’ve targeted for quite some time,”
“This represents Maroon Group’s first foray into the CARE segment,” Reichard added. “We’re gaining some real momentum, having completed six acquisitions in less than three years, including companies operating in the CASE, Plastics, Specialty Intermediates, and CARE segments.”
“We’re excited to be part of a dynamic organization like Maroon Group that allows us to continue to lead, collaborate across our combined platform, and invest in our growth,” said Walter Martish III, president of Lincoln Fine Ingredients.
“The long-term stability that this provides for our employees, customers, and key suppliers was a priority when Walter and I set out on this course,” Jim Noon, Lincoln’s EVP, added.
Based in Avon, OH, Maroon Group’s portfolio of companies include Lincoln Fine Ingredients, Maroon, Cadence Chemical, U.S. Chemicals, CNX Distribution, D.B. Becker, Addipel, and Polyram USA. of specialty chemicals and ingredients.