CELEX: 32021M10394
Language: en
Date: 2021-09-07 00:00:00
Title: Commission Decision of 07/09/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10394 - PLATINUM EQUITY GROUP / SOLENIS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels,7.9.2021
                                                                C(2021) 6645 final
                                                                                 PUBLIC VERSION
                                                                Platinum Equity, LLC
                                                                360 North Crescent Drive (South
                                                                Building)
                                                                90210 Beverly Hills, California
                                                                USA
Subject:        Case M.10394 – PLATINUM EQUITY GROUP / SOLENIS
                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 11 August 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Platinum
        Equity Group (USA) acquires within the meaning of Article 3(1)(b) of the Merger
        Regulation sole control over the whole of Solenis UK International Limited (‘Solenis’,
        UK), jointly controlled by Clayton Dubilier & Rice (United States) and BASF SE
        (Germany), by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        −     Platinum Equity Group is a private equity investment firm specialised in the
              merger, acquisition and operation of companies in a broad range of businesses.
              One of its portfolio companies is Innovative Water Care, LLC ("Sigura", USA), a
              provider of chemicals for water treatment mainly for residential and commercial
              pool and spa applications as well as for residential water and industrial water
              treatment,
        −     Solenis is a specialty chemical company active in water treatment solutions,
              process solutions, pulp and paper solutions and monitoring solutions. Solenis is
              mainly active in the supply of chemicals to the pulp and paper industry.
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 332, 18.08.2021, p. 8.
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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