Brussels, 10 January 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of the engineering materials business of Koninklijke DSM N.V. (‘DEM’) of the Netherlands and the high performance materials business of Lanxess AG (‘HPM’) of Germany, by Advent International Corporation (‘Advent’) of the US.
DEM and HPM are both active in the manufacture and sale of high-performance plastics as well as various input products. Advent is a private equity investor.
The Commission concluded that the proposed acquisition would raise no competition concerns, as the markets for the supply of high-performance plastics, polyamide 6 base polymer and polyamide 6 engineered plastic, where the activities of the parties horizontally overlap, will remain sufficiently competitive after the acquisition. The transaction was examined under the normal merger review procedure.
More information is available on the Commission’s website, in the public case register under the case number M.10817.
Source – EU Commission