POST Online Media Lite Edition



 

Lithuania: Polyethylene terephthalate (PET) producers receive merger clearance

Christian Fernsby |
The Lithuanian competition authority Konkurencijos taryba cleared the acquisition of 100 per cent of the shares and sole control of the Polish company Industrie Maurizio Peruzzo POLOWAT by the Netherlands-based firm Indorama Netherlands B. V.

Article continues below



Topics: LITHUANIA   

On 26 August 2020 Konkurencijos taryba received merger notification. Having evaluated the circumstances related to the transaction, the authority acknowledged that the intended merger would not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.

Undertakings related to the holding company Indorama Netherlands B. V. produce and supply virgin polyethylene terephthalate (PET) chips, polyester filament yarns, polyester staple fibre and other textile yarns and materials made of nylon, polyester, viscose, aramid and hybrids (i.e. nylon and aramid), also supply recycled PET chips.

Industrie Maurizio Peruzzo POLOWAT supplies recycled PET flakes and chips to buyers in Lithuania.


What to read next

J. M. Smucker to acquire Big Heart Pet Brands for $5.8 billion
Cargill acquiring dog treat producer Pet Carousel
Nestlé to open $86 million Brazil plant to tap dog-food demand