Evos Rotterdam B.V. (“Evos”), a leading liquid energy and chemical storage company, and Prefere Resins Holding GmbH (“Prefere Resins”), a leading European manufacturer of adhesive resins, entered into an agreement under which Prefere Resins will exclusively take over the supply and marketing of Paraformaldehyde and Hexamethylenetetramine from their facility in Mainz, Germany to existing Evos customers.

Harry Deans, CEO of Evos, stated, “Our commitment to focus on being a leader in liquid energy and chemicals storage remains our number one goal, and it was imperative that we offer our loyal customer base a smooth supply transition to a highly reputable partner in Prefere Resins. We can now further strengthen and grow our bio-ethanol and methanol storage and formaldehyde (tolling) activities at Evos Rotterdam.”

Elmar Boeke, CEO of Prefere Resins, commented, “We are very excited about the acquisition of Evos’ Paraformaldehyde & Hexamethylenetetramine customer base, and we are confident that this opportunity will renew our strong commitment to the Paraform business. We believe this transaction will enhance our ability to cater to the diverse needs of our new and existing customer base, positioning us for even greater success in the future.”

Edgar Leenen, Managing Director of Evos, added, “We are confident that our partner Prefere Resins, with their focus on customer service and product quality, will provide an excellent home for the business going forward.”

Christian Remus, Melamine and Paraform Business Unit Leader of Prefere Resins, added. “This transaction ensures existing Evos customers a seamless and smooth transition without interruption to their businesses. Prefere Resins’ Paraform business is a leading European supplier with a strong commitment to the local markets. Our business partners benefit from more than 100 years of experience and production know-how.”