Business Services Industry
Bakelite acquisition approved.(COMPANY NEWS)
High Performance Plastics, June, 2005
The European Commission (EC) has cleared the proposed acquisition of Bakelite AG, Germany, by the US-based investment group Apollo, subject to conditions.
Bakelite is a producer of formaldehyde resins, moulding compounds and epoxy resins. Based in Germany, it is mainly active in Europe. Prior to the transaction, Bakelite was controlled by the Rutgers group, which is part of the RAG Group, Germany
The EC found that the proposed transaction could give rise to competition concerns in the fields of phenolic resin for refractories (the resins are used to bond the heat resistant ceramics) and reactive diluents for epoxy systems. However, the parties have offered remedies that remove the concerns identified by the Commission.
The Apollo Group...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
