Mon. Jul 15th, 2024

Brussels, 29 November 2022

The European Commission has approved, under the EU Merger Regulation, the acquisition of De Jong Papier Holding (‘De Jong’) and DJV Holding (‘DJV’), both of the Netherlands, by Stora Enso AB of Sweden.

De Jong and DJV are mainly active in the production and supply of corrugated packaging in Belgium, Luxembourg, the Netherlands, Germany and the UK, where they have production facilities. Stora Enso develops, produces and offers wood and biomass-based solutions and services. It is active in the production of both corrugated case materials and corrugated packaging, amongst other things, with several production plants throughout the European Economic Area.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the moderate combined market positions resulting from the transaction and the very limited vertical links between the companies’ activities.

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.10948.

Source – EU Commission

Forward to your friends