Maroon Group Acquires CNX Distribution

Maroon Group LLC has acquired CNX Distribution, a Southwest US distributor of specialty chemicals based in Hurst, TX. CNX’s management team will remain in place and continue to manage the business. Terms of the transaction were not disclosed.
 
Founded in 2006, CNX Distribution supplies raw materials for the CASE, plastics, oil & 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.
 
“We look forward to being part of a rapidly growing organization with enhanced resources available to support our employees, customers and principal partners,” Bill Ward, CNX’s VP, added.
 
“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.”