# INEOS Enterprises sells Melamines & Paraform to Prefere Resins

INEOS Enterprises has agreed to sell its INEOS Melamines & Paraform business to Prefere Resins Holding GmbH. The deal includes sites in the USA, Germany and Indonesia, and is subject to regulatory approval, expected to complete in Q2 2019.

- Type: Acquisition
- Announced: 2019-04-24
- Where: Mainz, Germany; Springfield, USA; Frankfurt, Germany; Surabaya, Indonesia, Germany
- Jobs: 120
- Status: announced
- Products: melamine resins, paraformaldehyde, formaldehyde
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [INEOS Enterprises](https://endata.com/companies/33510.md)
- [Silverfleet Capital](https://endata.com/companies/8934.md) (investor)
- [INEOS Enterprises](https://endata.com/companies/33510.md) (partner)
- [INEOS Enterprises](https://endata.com/companies/33510.md) (target)
- [Prefere Resins Holding GmbH](https://endata.com/companies/38979.md) (acquirer)

## Sources

- [ineos.com](https://www.ineos.com/news/shared-news/ineos-enterprises-agrees-to-sell-ineos-melamines-and-paraform-to-prefere-resins-holding-gmbh/), 2019-04-24: "The business is a strong strategic fit with Prefere and presents the best opportunity for the future growth of the business."
- [worldfertilizer.com](https://www.worldfertilizer.com/special-reports/24042019/ineos-enterprises-agrees-to-sell-ineos-melamines-paraform-toprefere-resins/), 2019-04-24: "I am very pleased to have signed an agreement for the sale of the INEOS Melamines & Paraform business"
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/m-ineos-selling-melamine-and-paraform-businesses/), 2019-04-29: "Ineos Paraform is Europe’s second largest producer of paraformaldehyde."
- [fyb.de](https://www.fyb.de/en/prefere-resins-acquires-melamine-and-paraformaldehyde-businesses-from-ineos/), 2019-04-29: "Prefere Resins, one of Europe’s leading phenolic and amino resin producers headquartered in Erkner, Brandenburg, near Berlin, is taking an important step in expanding its global market position."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.