06 October 2008 15:28 [Source: ICIS news]
The Commission cleared the purchase under the EU merger regulation, saying it had concluded “that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it”.
The companies' activities overlap in the EEA in the supply of specialty chemicals to the paper industry.
However, the Commission said the overlaps between the activities of
Hercules makes and supplies specialty chemicals for the pulp and paper industry, water-soluble polymers - in particular cellulose derivatives and guar - and wood rosin derivatives.
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