Maroon Group Acquires Lincoln Fine Ingredients

Maroon Group LLC has announced that it has acquired Lincoln Fine Ingredients, a national distributor of specialty chemicals based in Lincoln, RI. Lincoln Fine Ingredient’s management team, led by Jim Noon and Walter Martish III, will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed.

Established in 1976, Lincoln Fine Ingredients is a distributor of specialty chemicals and ingredients, and provides value-add service offerings to the Personal Care, Cosmetic, Food & Beverage, Pharmaceutical, and Household/Industrial segments. The transaction signifies another example of successful entrepreneurs joining the Maroon team whose experience and market insight will be instrumental in executing Maroon’s strategy going forward.

“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 & CEO of Maroon Group. “We’re delighted to complete this acquisition, which we’ve targeted for quite some time,” Reichard added. “This represents Maroon Groups 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.”

“We’re excited to be part of a dynamic organization like Maroon Group that allows us to continue to lead, collaborate across our combined platform, and invest in our growth,” comments Walter Martish III, President of Lincoln Fine Ingredients. Jim Noon, Lincoln’s Executive Vice President adds, “The long-term stability that this provides for our employees, customers, and key suppliers was a priority when Walter and I set out on this course. Maroon understands specialty chemical distribution, has proven their ability to invest behind their acquisitions, and thoughtfully integrates them and contributes to their ongoing success.”