M/22/010 – Apollo/Flex-Novolex
Transaction details
The proposed acquisition by investment funds managed by affiliates of Apollo Management L.P. of sole control of Flex Acquisition Holdings, Inc. and its subsidiaries, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Friday February 18, 2022 | Wednesday, March 9, 2022 |
| Parties Involved | Business activities |
|---|---|
| Apollo Management L.P. | Apollo Management L.P. is an investment advisor controlled by Apollo Global Management Inc. ("Apollo"). Apollo is a global alternative investment manager with offices in North America, Europe and Asia. Investment funds managed by affiliates of Apollo invest in equity and debt securities issued by companies involved in various business activities. |
| Flex Acquisition Holdings, Inc. | Novolex Holdings, LLC is a subsidiary of Flex Acquisition Holdings, Inc., and is a manufacturer of paper and plastic flexible packaging products, primarily servicing customers in the foodservice, grocery retail and commercial end markets. |
| Economic sector | Media merger |
|---|---|
| Other Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, March 4, 2022 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Harry Costello | harrycostello@ccpc.ie |
| Eilis McDonnell | eilismcdonnell@ccpc.ie |
Media enquiries: communications@ccpc.ie
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