One Rock Capital Partners said that one of its affiliates has wrapped up the previously announced acquisition of Prefere Resins Group, a Germany-based producer of adhesive resins and formulations, from Silverfleet Capital.

The deal was announced in April 2022 and its financial terms were not disclosed.

Michael T. Koike — Partner at One Rock Capital Partners said: “Prefere’s dedication to product innovation and commitment to its customers underscore its position as a market leader across the adhesive resins industry.

“We are excited to continue to partner with management as we work to advance and promote the Company’s sustainability initiatives in an effort to further maximize its potential.”

Prefere Resins Group manufactures phenolic, specialty urea, melamine resins, and derivatives of methanol-(C1)-chemistry. The German firm has a workforce of more than 600 people, who are based largely in Europe and North America.

It caters to high-growth sub-sectors within construction, coatings, insulation, and multiple industrial niches. Silverfleet Capital invested in Prefere Resins Group in 2018 and helped it in its global expansion via the acquisition of the Melamines & Paraform business in 2019 from INEOS Enterprises.

Elmar Boeke — Prefere Resins Group Chief Executive said: “We look forward to our continued partnership with One Rock. Leveraging One Rock’s industry and operational experience to expand Prefere’s portfolio of high-quality products will enable us to continue to provide differentiated value for our customers.”

  Elmar Boeke, Germany, Michael T. Koike, One Rock Capital Partners, Prefere Resins Group, Silverfleet Capital