M&A Deal Summary

Prefere Resins Group Acquires INEOS Enterprises - Melamines and Paraform

On April 24, 2019, Prefere Resins Group acquired chemicals company INEOS Enterprises - Melamines and Paraform from INEOS Enterprises

Acquisition Highlights
  • This is Prefere Resins Group’s 1st transaction in the Chemicals sector.
  • This is Prefere Resins Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-04-24
Target INEOS Enterprises - Melamines and Paraform
Sector Chemicals
Buyer(s) Prefere Resins Group
Sellers(s) INEOS Enterprises
Deal Type Divestiture

Target

INEOS Enterprises - Melamines and Paraform

Runcorn, United Kingdom
INEOS Enterprises Ltd. - Melamines and Paraform cover operations sites in USA, Germany and a tolling operation in Indonesia. Paraform is a producer of Paraformaldehyde and employs about 120 people at its Mainz, Germany facility. Melamines supply of melamine resins into coatings, paper, textile, tire, rubber, and decorative laminates industries.

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Buyer(S) 1

Buyer

Prefere Resins Group

Erkner, Germany

Category Company
Sector Chemicals
Employees300
Revenue 230M EUR (2014)
DESCRIPTION

Prefere Resins Group develops, produces and sells liquid and solid phenolic resins and is one of the major producers in the European market. Phenolic resins are used in the insulation, construction, automotive and engineering industries. Prefere Resins Group is based in Erkner, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

INEOS Enterprises

Runcorn, United Kingdom

Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.


DEAL STATS #
Overall 1 of 2
Sector: Chemicals M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Chicago, Illinois, United States

Flint Hills Resources' chemicals intermediates business comprises of production facilities making purified Isophthalic acid (PIA), trimellitic anhydride (TMA) and maleic anhydride (MAN) located near Chicago, Illinois. It also has offices and distribution operations at various locations in the USA, Europe and Asia.

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FOLLOWING DEAL
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