Press Release - One Rock Capital Partners Completes Acquisition of Prefere Resins
New York, July 25, 2022
One Rock Capital Partners, LLC (“One Rock”), today announced that one of its affiliates has successfully completed the previously announced acquisition of Prefere Resins Group (“Prefere” or the “Company”) from Silverfleet Capital.
Prefere is a pan-European leader of adhesive resins and formulations used in engineered wood and insulation products, industrial applications, and other specialty materials. Prefere is also a frontrunner in the conversion to bio-based sustainable resin technologies. Headquartered in Erkner, Germany, the Company employs over 600 people globally at a number of manufacturing, sales and research and development facilities.
“Prefere’s dedication to product innovation and commitment to its customers underscore its position as a market leader across the adhesive resins industry,” said Michael T. Koike, Partner at One Rock. “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.”
Elmar Boeke, Chief Executive of Prefere, added, “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.”
Latham & Watkins, LLP acted as legal counsel in connection with the transaction.