Brussels, 6 March 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Novolex Holdings, LLC (‘Novolex’) and Pactiv Evergreen Inc. (‘Pactiv’) by Apollo Capital Management L.P (‘ACM’), the three of the US, and Canada Pension Plan Investment Board (‘CPP Investments’) of Canada.
The transaction relates primarily to the market for manufaturing of paper and plastic consumer packaging.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified 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.11849.