CELEX: 32021M10381
Language: en
Date: 2021-09-01 00:00:00
Title: Commission Decision of 01/09/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10381 - ONE ROCK CAPITAL / THE EASTMAN TIRE ADDITIVES BUSINESS OF EASTMAN CHEMICAL COMPANY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 1.9.2021
                                                                C(2021) 6576 final
                                                                                 PUBLIC VERSION
                                                                One Rock Capital Partners, LLC
                                                                30 Rockefeller Plaza, 54th Floor
                                                                NY 10112 New York
                                                                United States of America
Subject:        Case M.10381 – ONE ROCK CAPITAL / THE EASTMAN TIRE
                ADDITIVES BUSINESS OF EASTMAN CHEMICAL COMPANY
                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 10 August 2021, the European Commission received a notification of a proposed
        concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of
        the Merger Regulation by which One Rock Capital Partners, LLC, (‘ORC’, USA)
        acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control
        of the whole of Eastman Tire Additives business (‘ETA’, Switzerland). The
        concentration is accomplished by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        −     for ORC: private equity investment in a variety of sectors and with focus on
              control-stake equity investments in North American middle-market companies,
        −     for ETA: development, manufacture and sales of tire additives used in tire
              manufacturing.
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
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 (the ‘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 333, 19.8.2021, 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---    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.
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