Barentz To Acquire Maroon Group - One of the Largest, North American-based Distributors of Life Science Ingredients and Specialty Chemicals

Barentz To Acquire Maroon Group - One of the Largest, North American-based

Distributors of Life Science Ingredients and Specialty Chemicals

Hoofddorp, The Netherlands, October 14th, 2020 - Barentz International (“Barentz”), a leading

global distributor of life science ingredients, has entered into a definitive, written agreement to

acquire Maroon Group (“Maroon”), one of North America’s leading specialty distributors. Maroon

operates at a broad national level in the US market as well as across Canada. The acquisition of

this leading North American platform, which is expected to close this quarter, will expand Barentz’

activities and is aligned with Barentz’ strategy to become a global leader in the life science and

broader specialty chemical industries.

Highlights:

• Maroon Group is a world class distributor and one of the largest specialty suppliers to

the HI&I, personal care & pharmaceutical, food & nutrition, and CASE markets across

North America.

• Founded in 1977 and based in Avon, Ohio, Maroon generates an annual turnover of

approximately $500 million and has approximately 300 employees.

• With leading industry experts, unmatched technical know-how, and several specialized

application laboratories, Maroon shares Barentz’ focus on leveraging industry and

technical knowledge to support its suppliers’ and customers’ business development.

• Maroon will fit seamlessly into Barentz’ global product portfolio and will have access to

synergistic business development opportunities across all of North America.

Terry Hill, CEO of Maroon Group, and his entire Management Team will continue to manage the

operations.

“Terry Hill brings excellent experience and ‘know-how’. He also knows my home country The

Netherlands and Europe very well and has been highly successful and active in the global

ingredients industry for more than 30 years,” said Hidde van der Wal, CEO of Barentz. “We are

very pleased that he will join the Management Board of Barentz and guide us, with his very

talented team of approximately 300 specialists, towards a smooth continuation of excellence and

growth of both companies.”

According to Mr. Hill, it was a logical decision to join with Barentz. “The deciding factor was that

Barentz is already a global business and this creates tremendous opportunities to strengthen our

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business in North America and internationally. Barentz is well-known across the industry, we

share the same philosophy and entrepreneurial DNA, and is the best possible new home for the

stakeholders across our business,” he remarked.

This acquisition will bring a series of synergies. “Our product portfolios are very complementary,”

added Hidde van der Wal. “We have no conflicts of interest and we can learn a lot from each

other. Maroon Group has significant scale in North America - the biggest economy of the world,

where we were small, until today. The combination will immediately make Barentz a leading global

distributor with an excellent opportunity to establish new business segments in North America. It

is a natural combination that enables us to offer quality and expertise to our combined customer

base.”

Exact terms of the transaction have not been made public.

About Maroon

Maroon Group is a world class distributor of specialty chemicals (CASE and HI&I) and life science

ingredients across North America. Founded in 1977 and based in Avon, Ohio, Maroon Group has

common infrastructure of industry-leading technology, value-added services, global sourcing and

logistics network, and a commitment to Creating Customer Success®. This operating philosophy

has enabled Maroon Group to offer its 5,000 customers, principal suppliers, and employees with

national capabilities, while maintaining a local focus.

Customers have come to rely on Maroon Group's technical sales team, exceptional customer

service, a network of more than 40 warehouses located throughout North America, formulary

support and global sourcing capabilities. There are three areas in which Maroon excels: consistent

in products, consistent delivery, and consistent supply. Find more information on

www.maroongroupllc.com.

About Barentz

Barentz is a leading global life science ingredients distributor for the Human Nutrition,

Pharmaceutical, Personal Care and Animal Nutrition markets. Headquartered in the Netherlands,

Barentz distributes ingredients for products to small- and medium-sized enterprises and large

customers globally. The Group sources branded specialty ingredients from leading manufacturers

worldwide and its ingredients experts provide value-added technical support (including premixing,

blending, ingredient formulation and ingredient testing) from its state-of-the-art,

customized formulation centers and application laboratories in EMEA, the Americas and Asia-

Pacific.

Established in 1953, Barentz has operations in more than 60 countries with a strong presence in

Europe and Asia, and a growing presence in North America and Latin America. Today, the

company employs around 1,100 people worldwide, sources ingredients from top global suppliers

and serves over 15,000 customers. For more information, please visit: www.barentz.com.

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Media contacts

Barentz

Marcel Hölscher, Global Head of Marketing & Communication

marcel.holscher@barentz.com +31 (0)23 567 34 56

Saturnusstraat 15, 2132 HB Hoofddorp, The Netherlands

Maroon Group

Pat Massey, Vice President of Corporate Development

pmassey@maroongroupllc.com +001-440-937-1000

1390 Jaycox Road, Avon, Ohio 44011, USA