Merger Notification - Announcement according to § 10 Cartel Act
Solmax Netherlands B.V.; TenCate Geosynthetics Holding B.V.
BWB/Z-5378
On 21.04.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Solmax Netherlands B.V. intends to directly acquire TenCate Geosynthetics Holding B.V.
Solmax B.V. is part of a group of companies controlled by Groupe Solmax Inc. Solmax develops, manufactures and sells plastic products, in particular, geomembranes, as well as complementary products.
TenCate develops, manufactures and sells woven and non-woven geotextiles and complementary products, including composites.
Business sectors concerned: Manufacture of textiles
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.05.2021.
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 20.05.2021 .