Prior notification of a concentration (Case M.10754 – ONE ROCK CAPITAL PARTNERS / PREFERE RESINS) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 241/15
Date: 2022-06-24
Institutions: Directorate-General for Competition, European Commission
Subjects: chemical product, economic concentration, investment company, merger control, methanol, resin








C_2022241EN.01003001.xml










24.6.2022   


EN


Official Journal of the European Union


C 241/30






Prior notification of a concentration
(Case M.10754 – ONE ROCK CAPITAL PARTNERS / PREFERE RESINS)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 241/15)

1.   
On 15 June 2022, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


One Rock Capital Partners, LLC (‘ORC’, United States) through an affiliate,










—


Prefere Resins Holding GmbH (‘Prefere Resins’, Germany).




ORC will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Prefere Resins.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


ORC is a private equity firm focusing on control-stake equity investments in middle-market companies. ORC manages funds that invest in portfolio companies operating in various industries, including chemicals and process, specialty manufacturing and healthcare, food manufacturing and distributions, and business and environmental services,










—


Prefere Resins is mainly focused on the development, manufacture and sale of synthetic resins across the EMEA and Americas for a variety of end markets such as construction, insulation, industrial, automotive and flooring and furniture. To a lesser extent, Prefere Resins also produces and sells (Para)Formaldehyde and Methanol derivatives.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.10754 – ONE ROCK CAPITAL PARTNERS / PREFERE RESINS
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.