30 November 2010 12:05 [Source: ICIS news]
LONDON (ICIS)--The European Commission has approved the transfer of Sud-Chemie and Ashland’s foundry consumable activities to their joint venture Ashland-Sudchemie Kernfest (ASK), the executive body said on Tuesday.
“After examining the operation carefully, the Commission concluded that the transaction would not significantly impede effective competition in the EEA [European Economic Area] or any substantial part of it and has therefore approved the concentration,” the Commission said.
Under the deal, US-based ?xml:namespace>
ASK is an existing joint venture between the two manufacturers. It supplies chemical products for the foundry industry.
Foundry consumables are used in the casting process – the production of shaped articles by pouring molten metal into moulds.
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