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Specialty chemical maker Maroon Group now rebranded as Barentz
The name change follows the acquisition of Maroon Group by Netherlands-based Barentz International in December 2020. April 6, 2021 Canadian Plastics
Maroon Group, an Avon, Ohio-based specialty chemical maker, has now been rebranded as Barentz.
The name change, which is effective immediately, follows the acquisition of Maroon Group by Netherlands-based Barentz International in December 2020.
“This rebranding aligns our global organization and allows us to deliver the best solutions for our customers and principal partners, locally and around the world,” said Mike McKenna, president and chief operating officer of Barentz North America. “We will leverage the global scale of Barentz while continuing to invest in our core markets as we execute on our strategy to become a global leader in the life science and broader specialty chemical industries.”
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The global metal caps & closures market is projected to grow at a moderate CAGR during the forecast period.
The key factors that drive the growth of the global metal caps & closures market include the rising preferences of the packaged food by the consumers across the globe.
This rise in food demand has encouraged the manufacturers to produce superior quality metal caps and closures. These caps and closures also provide extended shelf life to the food & beverage item, thus, enhancing its adoption across the industries. However, the presence of alternate caps and closure systems made of plastics and wood are likely to challenge the growth of the metal closures market during the forecast period.