05/09/19 – Lenoir company now has German owner

Posted on: May 13th, 2019 by admin

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May 2, 2019

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By: Guy Lucas

glucas@newstopicnews.com

 

A Lenoir chemical company has been bought by a multinational company based in Germany.

 

Marlin Company Inc., which has offices on Virginia Street west of Southwest Boulevard, on May 1 became part of Brenntag Group, according to a press release and a notice on Marlin’s website. Terms of the sale were not released.

 

Marlin’s offices were bought by Brenntag for $2.2 million, according to Caldwell County property records.

 

Marlin provides custom chemical blending and packaging services for customers in the mid-South region of the United States and had sales of $7 million in 2018, the press release said. Brenntag had worldwide sales of $14.8 billion in 2018.

 

Marty G. Waters, the owner of Marlin, said in the press release: “This partnership is a significant milestone for my company and for our proud history. We are all looking forward to this exciting new chapter.”

 

Markus Klähn, a member of the management board of Brenntag Group and CEO of Brenntag North America, said the acquisition will strengthen the mixing and blending business of Brenntag North America.

 

“Marlin’s unique powder and liquid blending services for many different industries and their professional packaging and labeling system are an excellent addition to Brenntag’s value-added services business. With Marlin we are perfectly positioned to expand our offerings … in the mid-South region,” he said.

 

Marlin Company was formed in 1992. Waters, a 1988 graduate of Appalachian State University, worked in the chemical industry within textiles, specialty lubricants and polyurethane foam prior to starting the company, according to Marlin’s website. His father, M. Gene Waters, also served in the chemical industry over 30 years in sales for a large solvent coatings manufacturer prior to his retirement.

 

Marlin is the third U.S. company that Brenntag has bought in 2019, after the lubricants division of Texas-based Reeder Distributors and Massachusetts-based New England Resins & Pigments, according to CHEManager International, a website that follows the chemical industry.

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