Brussels, 26 February 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Prime Synthetic Solutions Ltd (‘PSS’) of the UK and Officine Maccaferri SpA (‘Maccaferri’) of Italy.
The transaction relates primarily to the supply and manufacture of rope wire products, in particular parafil and paraloop products, which will be produced with aramid fibers.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area. 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.11862.