M/13/028 – PGI / Fiberweb
Transaction details
The proposed acquisition of Fiberweb plc by Polymer Group Inc (PGI) has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Tuesday October 1, 2013 | Tuesday, October 29, 2013 |
| Parties Involved | Business activities |
|---|---|
| Blackstone Group LP | Blackstone is a global alternative asset manager and provider of financial advisory services. It is headquartered in the United States and has offices in Europe and Asia. |
| Polymer Group Inc | PGI is controlled by funds and affiliates of Blackstone. PGI produces and supplies nonwoven material. |
| Fiberweb plc | Fiberweb is a globally active manufacturer of nonwoven fabrics headquartered in the UK, and listed on the London Stock Exchange. |
| Economic sector | Media merger |
|---|---|
| Blackstone is a global alternative asset manager and provider of financial advisory services. Fiberweb is active in the production of nonwoven material. PGI is also active in the production of nonwoven material. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, October 14, 2013 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Elaine Cahill | Tel: 01-804 5482, e-mail: ec@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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Competition and Consumer Protection Commission
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