Merger Notification - Announcement according to § 10 Cartel Act
PPG Industries, Inc.; Wörwag Gruppe
BWB/Z-5243
On 02.02.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
PPG Industries, Inc. with registered seat in Pittsburgh/PA, USA, plans to acquire (via a 100% owened entity of the PPG group, PPG Industries Lackfabrik GmbH) 100% of the shares in and sole control over the two parent companies of the Wörwag group, i.e. Karl Wörwag Lack- und Farbenfabrik GmbH & Co. KG and Karl Wörwag GmbH, both with registered seat in Stuttgart, Germany.
The Wörwag group is active in the production and sale of OEM automotive coatings and industrial coatings. The acquirer, PPG Group, is active in the production and sale of coatings and specialty materials, including OEM automotive coatings and industrial coatings.
Relevant business branch: Manufacture of paints, varnishes and similar coatings, printing ink and mastics.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.03.2021.
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 03.03.2021 .