NEON advises on the sale of Prefere Resins

20 April 2022 | NEON has advised on the sale of the Prefere Resins Group by Silverfleet Capital to One Rock Capital Partners.

Prefere Resins is a leading European producer of phenolic, specialty urea and melamine resins, as well as high-value derivatives of methanol (C1) chemistry, serving high-growth sub-sectors in construction, insulation, coatings and various industrial applications. Headquartered in Erkner, Germany, the company operates a number of high-quality manufacturing and R&D facilities in Europe and North America and employs more than 600 people.

In recent years, the company has continued to develop and establish itself as an innovation leader with an environmentally friendly product portfolio by investing in new capacity, broadening its product portfolio and expanding globally through the acquisition of INEOS Enterprises’ Melamines & Paraform business.

The parties have agreed not to disclose financial details of the transaction.

Background:

NEON has been advising the Prefere Resins Group since its acquisition by capiton in 2014 and has also advised in connection with the entry of Silverfleet. NEON (Corporate Legal) advised on the transaction together with Sidley Austin LLP (Lead; Corporate Legal) and Shearman & Sterling (Banking Legal).