Silverfleet selling Prefere Resins to One Rock Capital

Four years after getting on board, Silverfleet Capital Partners wants to sell its majority holding in Prefere Resins Holding, which is active in the phenolic resin, melamine resin, and paraformaldehyde business, to an investment company of One Rock Capital Partners....

Urea and melamine costs have tended to subside again in recent weeks after a strong surge in recent months. The corrections for melamine have been more pronounced. An uptick in imports from China, combined with cooler demand from the wood-based panel industry and treater operators, has improved the supply situation....

A severe explosion and subsequent fire caused extensive damage to production machinery at a plant run by the Slovenian melamine resin manufacturer Melamin kemična tovatna d.d., based in Kočevje, on the morning of 12 May 2022. The company said that an explosion occurred during the unloading of raw materials; the ensuing...