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Maroon Group Acquires Lincoln Fine Ingredients
- Client News
- February 28, 2017
Paul, Weiss client Maroon Group, LLC, one of the fastest-growing specialty chemical distributors in North America, and a portfolio company of CI Capital, acquired Lincoln Fine Ingredients, Inc., a Rhode Island-based distributor of specialty chemicals. The management of Lincoln Fine Ingredients, Inc. will remain in place and continue to actively manage the business. Terms of the transaction were not disclosed. In connection with the acquisition, Maroon Group also amended and restated its existing credit facility with NXT Capital, LLC to, among others, increase the size of the facility and provide more flexibility under various covenants to reflect its continued growth since the original closing.
The Paul, Weiss team representing both Maroon Group and CI Capital included corporate partners Carl Reisner, Claudine Meredith-Goujon and Eric Goodison; tax partner Scott Sontag; real estate partner Peter Fisch; employee benefits counsel Jason Ertel; and environmental counsel William O’Brien.