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Private Equity firm acquires specialty chemical distributor Maroon Group

11:26 AM MDT | July 7, 2014 | Lindsay Frost

Private Equity firm CI Capital Partners (New York) has acquired specialty chemical distributor Maroon (Avon, OH). Maroon’s management team retains significant equity interest in the company, CI Capital says, however terms of the transaction were not disclosed. Maroon supplies nearly 900 customers with over 30 million pounds of specialty additives, resins and pigments annually—with a focus on the plastics, coatings, composites, rubber and adhesives markets. The group operates out of 12 locations in North America. “Maroon’s management team...

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