Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  17.02.2022  
C(2022 ) 1118 final  
 PUBLIC VERSION  
FSN Capital GP VI Limited  
11-15 Seaton Place, St Helier, Jersey  
JE4 0QH, Jersey  
Subject : Case M. 10577  – FSN CAPITAL VI / OPTIGROUP / HYGAS / BFG / TPC  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 24 January  2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertaking  FSN Capital VI (Jersey) intends to acquire within the meaning of 
Article  3(1)(b) of the Merger Regulation sole control of the  whole of  undertaking s 
OptiGroup AB (‘OptiGroup’, Sweden), Hygas B.V. (‘Hygas’, The Netherlands), BFG 
Packaging SRL (‘BFG’, Romania) and Trias Productie Holding B.V. (‘TPC’, The 
Netherlands) by way of purchase of shares .3 
2. The business activities of the undertakings concerned a re: 
 FSN Capital VI is an investment fund advised by FSN Capital, a private equity 
advisor.  
 OptiGroup is a one -stop-shop Business -to-Business (‘B2B’) distributor of 
facility, safety, foodservice and packaging products, as well as paper and 
business supplies , primarily in Sweden, Finland, Belgium and the Netherlands.  
 Hygas is a one -stop-shop B2B distributor of hygiene products, medical 
(disposable) products, protective equipment and packaging materials for a 
wide range of industries such as healthcare, foodse rvices, facility services, 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 54, 1.2.2022, p. 10. 

2 retail, supermarkets, the hospitality industry, wellness, automotive, agriculture 
and horticulture , mainly in the Netherlands, Belgium, Germany and France.  
 BFG is a manufacturer of high quality food packaging in Europe, primarily  
focusing on niche products used by the catering and food processing sectors , 
and mainly active in Romania.  
 TPC is a wholesaler of packaging tapes, stretch - and wrapping films , as well as 
various other packaging materials , for customers active in the B2B m arket in 
the Netherlands, Belgium, France, Germany and Poland.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph  6 of the  Commission Not ice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agre ement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .