Brussels, 15 May 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Diversey by Platinum Equity Group (‘PEG’), both of the US.
Diversey is a manufacturer and supplier of hygiene, infection prevention and cleaning products. PEG is a private-equity investment firm.
The Commission concluded that the proposed acquisition would raise no competition concerns given the limited overlaps between the activities of Diversey and PEG’s portfolio companies in the European Economic Area. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11091.
Source – EU Commission