A manufacturer of resins used in the construction industry has been acquired by New York-based private equity firm One Rock Capital Partners in an undisclosed deal.
Prefere Resins, including its £33m turnover Newton Aycliffe-based business, was sold by UK private equity owners Silverfleet Capital. The completed deal comes just three years after Prefere acquired the melamines and paraform business INEOS Enterprises.
The business makes adhesive resins used in engineered wood and insulation products, as well as other industrial applications. It runs a number of manufacturing, sales and research and development sites across Europe, including its North East factory.
