CELEX: 32001M2580
Language: en
Date: 2001-09-14 00:00:00
Title: COMMISSION DECISION of 14/09/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2580 - COLLINS & AIKMAN PRODUCT/TEXTRON AUTOMOTIVE TRIM²) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2580

COMMISSION DECISION of 14/09/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2580 - COLLINS & AIKMAN PRODUCT/TEXTRON AUTOMOTIVE TRIM²) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 274 , 29/09/2001 P. 0014 - 0014

COMMISSION DECISION of 14/09/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2580 - COLLINS & AIKMAN PRODUCT/TEXTRON AUTOMOTIVE TRIM ) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 14.09.2001SG (2001) D/291351PUBLIC VERSION   To the notifying partyDear Sirs,Subject: Case No. COMP/M. 2580 - Collins & Aikman Products / Textron Automotive Trim  Notification of 13 August 2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1][1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.Publication in the Official Journal of the European Communities No. C239,  25/08/2001.1. On 13 August 2001, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the US based undertaking Collins & Aikman Corporation ("C&AC"), controlled by Heartland Industrial Partners LP ("Heartland") acquires within the meaning of Article 3(1)(b) of the Council Regulation control of parts of the US based undertaking Textron Inc. ("Textron"), hereby acquiring all subsidiaries of Textron Automotive Trim ("Automotive Trim") by way of purchase of shares.2. The business activities of the undertakings concerned are : - for C&AC : automotive interior products and automotive roof systems.  - for Heartland: US based private investment company. - for Textron: multi-industry company with operations in the aircraft and automotive industry, industrial products and finance.  - for Automotive Trim : automotive interior and exterior products.3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of section 4(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].[2]   OJ C 217, 29.07.2000, p. 32.4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.  This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.For the CommissionMario MONTI Member of the Commission   (signed)