Marcor will maintain its current management and staff, operating from its New Jersey headquarters. “We welcome the opportunity to be the foundation of KDG's growth into these markets and look to offer our customers new, expanded product lines and capabilities,” said Charles Garbarini, president of Marcor.
With the acquisition, KDG plans to establish its Pharma/bionutrients business segment. Frank Bergonzi, CEO of KDG noted, “Marcor is a true specialty chemical solutions provider, and they will lead us into the value added markets of bionutrients, pharmaceutical actives, fermentation, diagnostic media, nutritional products and enzymes. We are excited about Charles and his team joining forces with KDG, and we look forward to their contribution in this important specialty sector. We believe this segment has significant growth potential.”
The transaction closed on January 10, 2014. KODA Distribution Group is a leader in specialty chemical distribution, serving customers in CASE as well as Specialty Agricultural (ADAPCO and Red River Specialties), plastics, construction, CARE, lubrication, metalworking, ink and urethanes markets. It is comprised of seven regional companies servicing those markets in the U.S.