CELEX: 32021M10010
Language: en
Date: 2021-02-22 00:00:00
Title: Commission Decision of 22/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10010 - INVESTINDUSTRIAL GROUP / CSM INGREDIENTS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 22.02.2021
                                                                C(2021) 1365 final
                                                                                 PUBLIC VERSION
                                                                Investindustrial VII L.P.
                                                                16 Palace Street
                                                                SW1E 5JD – London
                                                                United Kingdom
Subject:        Case M.10010 – INVESTINDUSTRIAL GROUP / CSM INGREDIENTS
                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 18 January 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Global Food
        Solutions S.àr.l. (Luxembourg), ultimately controlled by Investindustrial S.A.
        (‘Investindustrial’, Luxembourg) acquires within the meaning of Article 3(1)(b) of the
        Merger Regulation sole control of CSM Ingredients (the United Kingdom), ultimately
        controlled by Rhône Capital L.L.C. (USA). The concentration is accomplished by way
        of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Investindustrial: investments in medium-sized companies based in Europe,
              including Italy, Portugal, Spain, and the United Kingdom, focusing on three main
              investment areas: consumer and leisure, healthcare and services, and industrial
              manufacturing;
             CSM Ingredients: manufacturing and distribution of semi-finished bakery, dairy
              and ice-cream ingredients, mainly to the artisanal traditional trade (pastry and
              bakery shops) and industrial channels;
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 31, 28.1.2021, p. 48.
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--- 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 (c) 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.
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