Home / Knowledge / News / Textiles / Acquisition of hygiene disposables producer Ontex approved
Acquisition of hygiene disposables producer Ontex approved
18
Oct '10
The European Commission has cleared under the EU Merger Regulation the proposed joint acquisition of Ontex International N.V., a Belgian hygiene disposables producer, by the Goldman Sachs Group and TPG Group Holdings.

After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

Ontex manufactures and markets a full range of hygiene disposable products comprising baby care, feminine hygiene and adult incontinence products.

Goldman Sachs is a global investment banking and securities firm. TPG is a holding vehicle for various investment funds. One of the private equity funds belonging to TPG controls the Vita Group, a supplier of nonwoven polymers ("nonwovens"), that are used for the production of hygiene disposable products.

The Commission investigated the vertical relationship resulting from the joint venture between the upstream market for nonwovens and the downstream markets for hygiene disposables.

The Commission concluded that for all products concerned the combined entity will continue to face strong competition. Therefore, it would lack the ability to restrict the access by Ontex' competitors to the input supplied by Vita, or to limit the outlet possibilities for Vita's competitors. The Commission therefore found that the proposed concentration would not give rise to any competition concerns.

European Commission

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search