Ohio-based Maroon Group has announced the acquisition of specialty chemical distributor Lincoln Fine Ingredients. Terms of the deal were not disclosed.
The acquisition is the Group’s first foray into the CARE segment and builds on several strategic acquisitions over the last three years, aimed at expanding Maroon’s reach in the specialty chemicals distribution field.
“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. 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.”