Brussels, 18 February 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of the pharmaceutical solutions division of U.S.-based International Flavors and Commodities Inc. (“IFF”) by France-based Roquette Frères S.A. (“Roquette”).
The transaction mainly concerns the market for the development, production and sale of pharmaceutical excipients.
The Commission concluded that the proposed merger would not raise competition concerns, given its limited impact on competition in markets where the companies are active. In particular, the Commission’s market investigation established that Roquette and IFF are not close competitors in the markets where their activities overlap, and that Roquette will continue to face a sufficient number of competitors in these markets following the transaction. The notified transaction was examined under the normal merger control procedure.
More information is available on the Commission’s competition website , in the public case register under case number M.11592.