Mergers: Commission clears acquisition of Braas Monier by Standard Industries

The European Commission has approved under the EU Merger Regulation the acquisition of Braas Monier of Luxembourg by Standard Industries of the US.

Braas Monier manufactures pitched roof products and certain other building products. Standard is a manufacturer of commercial and residential roofing products and other construction products worldwide. In Europe, Standard is mostly active through its subsidiary Icopal, which is primarily focussed on the manufacture and sale of flat roofing products.

The Commission concluded that the proposed acquisition would raise no competition concerns because the companies' activities are largely complementary and several alternative suppliers will remain in all markets concerned.

The operation was examined under the normal merger review procedure. More information will be available on the Commission's competition website, in the public case register under the case number M.8273. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Tsoni - Tel.: +32 229 90526)

Source Europa

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