European Commission Approves Mondi’s Acquisition of Nordenia
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.
31 Aug 2012 --- 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.
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.
