Merger Notification - Announcement according to § 10 Cartel Act
H.I.G. Capital; Polymer Additives Holdings, Inc.; Akcros Holdings Ltd
BWB/Z-2995
On the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
H.I.G. Capital (Miami, United States) intends to acquire indirectly through Polymer Additives Holdings, Inc. (Ohio, United States) all shares of and sole control over Akcros Holdings Ltd (Stratford-upon-Avon, United Kingdom) and its subsidiaries Akcros Chemicals Inc, Additives Akcros Chemicals India PVT Ltd., Akcros Hong Kong Ltd., Akcros Chemicals Ltd. (incl. its Italian Branch of Akcros Chemicals Ltd). The concentration concerns chemical additives.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 14.04.2016.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 14.04.2016 .