Maroon Group LLC has bought Cadence Chemical Corp., a national distributor of chemicals for the water treatment industry, for an undisclosed amount. The buyer's portfolio of companies expands to seven with acqusition of Cadence.
Cadence is a Stamford, Connecticut-based manufacturer and retailer of chemical acids, alcohols, solvents, acrylates, ortho esters, methacrylates, and anhydrides. The target helps smaller consumers manage the critical mass needed to access low-cost sources of chemicals from China, Eastern Europe, India, Brazil or the Middle East. “We will be making further investments in the organization to accelerate their growth,” says Maroon CEO Mark E. Reichard.