CELEX: 32021M10086
Language: en
Date: 2021-02-03 00:00:00
Title: Commission Decision of 03/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10086 - CERBERUS GROUP / DOREL INDUSTRIES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 03.02.2021
                                                                C(2021) 804 final
                                                                                 PUBLIC VERSION
                                                                Cerberus Capital Management, L.P.
                                                                875 3rd Avenue, 11th Floor
                                                                New York, NY 10022
                                                                United States of America
Subject:        Case M.10086 – CERBERUS GROUP / DOREL INDUSTRIES
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                     2
                Economic Area
Dear Sir or Madam,
1.      On 8 January 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Cerberus
        Capital Management, L.P. (‘Cerberus Group’, United States of America), acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the
        whole of Dorel Industries Inc. (‘Dorel’, Canada). The concentration is accomplished
                                             3
        by way of purchase of shares.
2.      The business activities of the undertakings concerned are:
        −     for Cerberus Group: a private investment firm engaged in investment in real
              property and personal property of all kinds worldwide. Some of the main sectors
              in which the undertakings controlled by the Cerberus Group generate turnover are
              financial services, manufacturing, building materials and real estate.
        −     for Dorel: a company operating worldwide, and active in juvenile products,
              bicycles and home products. Dorel Juvenile’s branded products include global
              brands Maxi-Cosi, Quinny and Tiny Love, complemented by regional brands
              such as Safety 1st, Bébé Confort, Cosco and Infanti. Dorel Sports brands include
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 20, 19.01.2021, p. 7.
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.
 ---pagebreak---         Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home markets
        a wide assortment of domestically produced and imported furniture.
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 5(b) of the Commission Notice 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 Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                              2