Industry News

Dynea to Focus on EU Phenolic Resin Market by Forming Prefere Resins Co.

Published on 2013-02-27. Author : SpecialChem

Dynea Oy ("Dynea"), one of the leading global provider of adhesive and surface solutions, announces the creation of a new company within Dynea, Prefere Resins Company ("PRC"), to focus on the phenolic resins market in Europe.

PRC is a European market leader with a broad portfolio of resole and novolac products. PRC has been created from the Dynea phenolic activities at: Aycliffe, UK; Brebières, France; Erkner, Germany; Hamina and Joroinen, Finland; Trzemeszno, Poland; and Rasnov, Romania. PRC is headquartered in Erkner, Germany and has 300 FTEs. In 2012 PRC sold approximately 290kt of phenolic products, most of which have the leading Prefere brand name. The company commenced stand-alone activities at the beginning of 2013.

Commenting on the creation of PRC, Dynea CEO Hans Petterson said: "The creation of PRC is the next step in the re-positioning of Dynea Europe into a company which is better focused on serving its customers. Dynea’s phenolic resins business in Europe has long been a differentiated component of the Dynea Group. As a separate company PRC will be able to focus exclusively on serving customers in the phenolic resins segment to the benefit of customers, employees and other key stakeholders."

Dr John Machin, Managing Director of PRC said: "The formation of PRC is an exciting opportunity to create a new company which is more focused on our key markets. The PRC management team will be taking the best of the Dynea heritage and combining this with new ideas and approaches to improve on our already leading franchise in European phenolics."

About Dynea

Dynea is an international provider of superior adhesion and surfacing solutions is owned by the IK Funds advised by IK Investment Partners, a leading European private equity company. Today, Dynea has 13 plants in 11 countries in Europe.

Source: Dynea

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