Maroon Group has acquired Amsyn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics industries. Amsyn's management team, led by Thomas Castrovinci, will continue to actively manage the business on a day-to-day basis. The transaction represents another example of a successful entrepreneur joining the Maroon team to drive the next phase of the company's growth.
Amsyn's Services
Established in 1989, Amsyn's broad portfolio of specialty chemicals and intermediates is supplemented by its differentiated service offering. Through custom synthesis and formulation services, consultative support, and global sourcing capabilities, the company is uniquely adapted to meet the full range of customers' development, commercialization, and distribution needs.
Going forward, Amsyn's wide range of technical capabilities and global supplier relationships will be added to Maroon's existing capabilities and its targeted growth strategy.
Acquisition to Reinforce Maroon's Position in Core Markets
"Amsyn's ability to distinguish itself as a leading provider of technical solutions has resulted in close integration within its customers' supply chains. The acquisition reinforces Maroon's position in core markets and is a great fit within our comprehensive portfolio of specialty chemicals and ingredients," said Terry Hill, CEO of Maroon Group.
"We are thrilled to work with Tom and the Amsyn team. They have fostered strong relationships across the industry, resulting in an impressive track record of growth and a sustainable business model that complements our existing technical capabilities," Hill added.
"We are excited to be part of an organization like Maroon Group that shares our focus on providing innovative solutions to customers' complex problems," comments Tom Castrovinci, President of Amsyn. "We look forward to leveraging Maroon Group’s world-class infrastructure and the scale of a larger organization while maintaining an acute focus that our customers and principal partners have come to expect."
Source: Maroon Group