Acquisition of M. Kaindl by Kronospan/Peter Kaindl: approval decision published
The European Commission’s decision of 30 March 2021 to approve, under Article 6(1)(b) of the EU Merger Regulation, the acquisition of M. Kaindl OG (Austria-based company present in the markets for wood-based materials), has been officially published.
M. Kaindl has been acquired by Peter Kaindl, through Kronospan Holdings P.L.C (Cypriot worldwide producer and supplier of wood-based panels and their finishing).
The Commission concluded that the proposed acquisition would raise no competition concerns, because Peter Kaindl already had joint control of M. Kaindl and the change to sole control would have no significant impact on the existing competition.
The case number is M.10039.
The officially published decis