Brussels, 30 August 2012
Mergers: Commission approves acquisition of German plastic film manufacturer Nordenia by rival Mondi.
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Nordenia, a German manufacturer of flexible packaging, plastic films and film-based products by Mondi. The Commission's investigation confirmed that the operation would not raise competition concerns because it will not significantly alter the structure of the markets concerned.
The Commission's investigation showed that the merging parties would have a relatively limited combined market position and that a sufficient number of alternative suppliers remain on the markets concerned.
The Commission therefore concluded that the transaction would not significantly impede effective competition in the EEA or any substantial part of it.
The transaction was notified to the Commission on 25 July 2012.
Companies and products
Nordenia is a multinational manufacturer of flexible packaging, plastic films and film based product components with operations in Europe, the United States and Asia.
The Mondi group is listed on both the London and Johannesburg Stock Exchanges and is principally involved in the manufacture of packaging paper, converted packaging products and uncoated fine paper. It also has newsprint operations in South Africa, the United Kingdom and Russia.
Merger control rules and procedures
The Commission has the duty to assess mergers and acquisitions involving companies with a turnover above certain thresholds (see Article 1 of the Merger Regulation) and to prevent concentrations that would significantly impede effective competition in the EEA or any substantial part of it.
The vast majority of mergers do not pose competition problems and are cleared after a routine review. From the moment a transaction is notified, the Commission generally has a total of 25 working days to decide whether to grant approval (Phase I) or to start an in-depth investigation (Phase II).
A non-confidential version of today's decision will be available at:
Antoine Colombani (+32 2 297 45 13)
Marisa Gonzalez Iglesias (+32 2 295 19 25)