Brussels, 8 July 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of Prefere Resins Holding GmbH (‘Prefere Resins’) of Germany, by One Rock Capital Partners, LLC (‘ORC’) of the US.
Prefere Resins is active in the manufacture and sale of synthetic resins for a variety of uses and, to a lesser extent, of paraformaldehyde and methanol derivatives.
ORC is a private equity firm mostly active in controlling stake equity investments in middle-market companies in a variety of industries.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies’ activities and the fact that no vertical links between the companies would result from the transaction. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10754.
Source – EU Commission