Mergers: in-Depth Investigation into the Proposed Acquisition of Recticel by Greiner
The European Commission (“Commission”) has opened an in-depth investigation to assess the proposed acquisition of Recticel by Greiner under the EU Merger Regulation. The Commission is concerned that the proposed acquisition may reduce competition in the supply of certain technical foam products. Greiner and Recticel are both leading producers and suppliers of technical foams in Europe.
The Commission is concerned that the transaction may lead to reduced choice and higher prices for technical foam rolls; noise, vibration, and harshness reducing foams as well as filter foams in a number of local European markets.
The Commission will now carry out an in-depth investigation into the effects of the proposed transaction to determine whether its initial competition concerns are confirmed.
The transaction was notified to the Commission on 18 October 2021. Greiner decided not to submit commitments during the initial investigation to address the Commission's preliminary concerns. The Commission now has 90 working days, until 8 April 2022, to take a decision.
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Zumbul Attorneys at Law