Commission opens in-depth investigation into proposed Recticel-Greiner merger
The European Commission has opened an in-depth investigation under the EU Merger Regulation into the proposed acquisition of Recticel by Greiner, after its initial market investigation identified concerns in relation to the combination of both undertaking’s technical foams businesses.
Austria-based Greiner is a family-owned company that manufactures and supplies plastic packaging medical technology, machinery and foam worldwide, in addition to certain foam-based products. Belgium-based Recticel is a globally active manufacturer and supplier of foam, bedding products and insulation solutions for the construction industry.
According to its press release, at this stage the Commission is concerned that the transaction may lead