Silverfleet's Prefere Resins bolts on two Ineos divisions

The transaction comes 11 months after Silverfleet acquired German industrial resin manufacturer Prefere from Capiton and Intermediate Capital Group with capital drawn from Silverfleet Capital Partners II.

The deal will see Prefere expand its international presence beyond its current focus on the European market. Ineos has operations in the US and Germany, in addition to a tolling operation in Indonesia.

The bolt-on acquisition is subject to regulatory approval.

Company
Ineos was founded in 2001 and is headquartered in Runcorn, Cheshire. Ineos Paraform produces paraformaldehyde. The division has a headcount of 120 at its facility in Mainz. Ineos Melamines manufactures melamine resins for the coatings, paper, textiles, tyres, rubber and decorative laminates industries. It has a headcount of 150 across sites in Springfield and Frankfurt.

People
Silverfleet Capital – Jennifer Regehr (principal); Guntram Kieferle (associate).
Prefere Resins – Arno Knebelkamp (CEO).

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