The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
October 15, 2020
Huntsman Announces Reduced Operating Rates at its Geismar, La. Facility
Download as PDF October 15, 2020 4:46pm EDT
THE WOODLANDS, Texas, Oct. 15, 2020 /PRNewswire/ — Huntsman Corporation (NYSE: HUN) announced today that due to a mechanical failure at a third-party raw material supplier, its Geismar, Louisiana MDI facility is experiencing a partial outage which is estimated to last approximately 5 weeks. It is currently estimated that this will impact the Company’s fourth quarter adjusted EBITDA by approximately $15 million. The Company will provide an update on its third quarter earnings conference call on October 29, 2020.
October 15, 2020
Maroon Group, an Avon chemical distributor, sold to Barentz International
Chemical distributor Maroon Group said it’s being acquired by Barentz International, a unit of London-based private equity firm Cinven, for an undisclosed price.
Maroon Group is a 53-year-old company based in Avon, Ohio, that distributes specialty chemicals and life science ingredients.
It has been owned by New York City-based private equity firm CI Capital Partners since 2014.
Maroon Group has more than 5,700 customers in the U.S. and Canada, and distributes more than 6,000 products.
After the completion of the deal, which is expected later this year, Terry Hill will remain as Maroon Group’s CEO.
Hill was named CEO in May 2019, when it was noted that Maroon Group is the third largest distributor of specialty chemicals and ingredients in the United States.
“With CI Capital’s support, Maroon transformed itself from a regional (coatings, adhesives, sealants, elastomers) and plastics distributor based in the Midwest into the broad business it is today. Together, we have built a great company and we are gratified that Barentz has recognized the immense upside in the unique position we have,” Hill said in a statement.
Maroon Group operates a network of more than 40 warehouses located throughout North America.
https://www.bizjournals.com/cleveland/news/2020/10/14/maroon-group-sold-to-barentz.html
October 15, 2020
Maroon Group, an Avon chemical distributor, sold to Barentz International
Chemical distributor Maroon Group said it’s being acquired by Barentz International, a unit of London-based private equity firm Cinven, for an undisclosed price.
Maroon Group is a 53-year-old company based in Avon, Ohio, that distributes specialty chemicals and life science ingredients.
It has been owned by New York City-based private equity firm CI Capital Partners since 2014.
Maroon Group has more than 5,700 customers in the U.S. and Canada, and distributes more than 6,000 products.
After the completion of the deal, which is expected later this year, Terry Hill will remain as Maroon Group’s CEO.
Hill was named CEO in May 2019, when it was noted that Maroon Group is the third largest distributor of specialty chemicals and ingredients in the United States.
“With CI Capital’s support, Maroon transformed itself from a regional (coatings, adhesives, sealants, elastomers) and plastics distributor based in the Midwest into the broad business it is today. Together, we have built a great company and we are gratified that Barentz has recognized the immense upside in the unique position we have,” Hill said in a statement.
Maroon Group operates a network of more than 40 warehouses located throughout North America.
https://www.bizjournals.com/cleveland/news/2020/10/14/maroon-group-sold-to-barentz.html
October 15, 2020
IMCD US Opens New Headquarters in Greater Cleveland Area
WESTLAKE, OHIO (14 October 2020) – IMCD N.V. (“IMCD”), a leading distributor of speciality chemicals and ingredients, is pleased to announce the opening of its new U.S. headquarters in Westlake, Ohio, a suburb of Cleveland. The company debuts its new location to accommodate its expanding business, invest in its people and future growth, plus complement the company’s global digitalisation initiatives to better serve its markets across the U.S.
“I am proud to announce the opening of the new IMCD US headquarters,” said Thomas Van Valkenburgh, President, IMCD US. “It was created to enable employees in their quest to drive excellence as we serve both our principals and customer partners. This is not just a new office space, but a modern work environment carefully designed to inspire collaboration, galvanize partnerships and encourage entrepreneurship.”
The new IMCD US headquarters was selected for its location convenience, onsite and nearby amenities and ease of access for employees. The building features an open floor plan, state-of-the-art training and conference rooms, and integrated technology throughout the space. The company is committed to continue to attract and develop top talent with its new headquarters, while contributing to the local economy through job creation.
Operating coast-to-coast, IMCD US is comprised of 370 employees with offices in Ohio, California, New Jersey, Texas and Puerto Rico, five market-focused laboratories and more than 20 strategically located warehouses to serve customers across the U.S. Key market-focused segments in the U.S. include coatings and construction, advanced materials, pharmaceuticals, nutraceuticals, food and nutrition, personal care, oil and gas and animal nutrition.
October 15, 2020
IMCD US Opens New Headquarters in Greater Cleveland Area
WESTLAKE, OHIO (14 October 2020) – IMCD N.V. (“IMCD”), a leading distributor of speciality chemicals and ingredients, is pleased to announce the opening of its new U.S. headquarters in Westlake, Ohio, a suburb of Cleveland. The company debuts its new location to accommodate its expanding business, invest in its people and future growth, plus complement the company’s global digitalisation initiatives to better serve its markets across the U.S.
“I am proud to announce the opening of the new IMCD US headquarters,” said Thomas Van Valkenburgh, President, IMCD US. “It was created to enable employees in their quest to drive excellence as we serve both our principals and customer partners. This is not just a new office space, but a modern work environment carefully designed to inspire collaboration, galvanize partnerships and encourage entrepreneurship.”
The new IMCD US headquarters was selected for its location convenience, onsite and nearby amenities and ease of access for employees. The building features an open floor plan, state-of-the-art training and conference rooms, and integrated technology throughout the space. The company is committed to continue to attract and develop top talent with its new headquarters, while contributing to the local economy through job creation.
Operating coast-to-coast, IMCD US is comprised of 370 employees with offices in Ohio, California, New Jersey, Texas and Puerto Rico, five market-focused laboratories and more than 20 strategically located warehouses to serve customers across the U.S. Key market-focused segments in the U.S. include coatings and construction, advanced materials, pharmaceuticals, nutraceuticals, food and nutrition, personal care, oil and gas and animal nutrition.
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