Maroon Group Acquires CNX Distribution
AVON, OH – Maroon Group LLC has acquired CNX Distribution, Hurst, TX, a distributor of specialty chemicals in the southwestern United States. CNX’s management team will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed.
Founded in 2006, CNX Distribution supplies raw materials for the CASE, plastics, oil and gas, and chemical processing industries.
“Maroon Group’s culture and focus on exceptional service is a great fit with CNX,” said Jay McHugh, CNX’s President. Bill Ward, CNX’s Vice President, added, “We look forward to being part of a rapidly growing organization with enhanced resources available to support our employees, customers and principal partners.”
“We’re elated to complete this acquisition as we continue to implement our multi-tiered growth strategy,” said Mark Reichard, President and CEO of Maroon Group. “CNX Distribution is our third acquisition in 15 months and provides an anchor for us in this strategic region of the country. The company has a tremendous team led by Jay and Bill as well as a fantastic record of growth. We look forward to leveraging each company’s portfolio of products for further expansion.”