AkzoNobel / Metlac Holding merger inquiry

The Competition Commission investigated the anticipated acquisition by AkzoNobel of Metlac Holding and the CMA accepted final undertakings.

• From: Competition and Markets Authority
• Published: 1 October 2015

• Case type: Mergers
• Case state: Closed
• Market sector: Chemicals
• Outcome: Mergers - phase 2 prohibition
• Opened: 12 May 2012
• Closed: 1 October 2015

Administrative timetable

• Revised administrative timetable published on 29 November 2012, as required by Rule 6 of the Competition Commission Rules of Procedure. Any further revisions made to the timetable will be published on this website.

Phase 2	Action
23 May 2012	Merger reference made
May to June	Gathering information, attending site visits, issuing questionnaires, holding third party hearings
Late June	Publish statement of issues
Early to mid August	Holding main party hearings
22 August 2012	Deadline for all parties’ responses/submissions in advance of provisional findings
20 September	Notifying provisional findings and if required considering possible remedies
Mid October	Holding response hearing(s)
Late October	Final deadline for all parties’ responses/submissions
Late December	Publish final report
1 January 2013	Revised statutory deadline

Phase 2

Date of referral: 23.05.12 Statutory deadline: 06.11.12

Contact

Email: Akzo.Metlac@cma.gsi.gov.uk

Final undertakings

1 October 2015: The CMA has accepted final undertakings from AkzoNobel and the Bocchio family to remedy the substantial lessening of competition identified in the final report.

• Acceptance of final undertakings from AkzoNobel (1.10.15)
• Acceptance of final undertakings from the Bocchio family (Metlac Holding) (1.10.15)

Notice of proposal to accept final undertakings

14 August 2015: The CMA has published a notice of proposal to accept final undertakings from AkzoNobel and the Bocchio family and is inviting comments.

• Notice of proposal to accept final undertakings (14.8.15)

Undertakings

• Notice of acceptance of interim undertakings (AkzoNobel) (PDF, 47 Kb) (10.07.12)
• Notice of acceptance of interim undertakings (Metlac) (PDF, 47 Kb) (10.07.12)

Evidence

Responses to provisional findings report and Notice of possible remedies

• Provisional findings report (PDF, 727 Kb) and Appendices & Glossary (PDF, 1.1 Mb) (21.09.12)
• Notice of possible remedies (PDF, 124 Kb) (20.09.12)

• Akzo Nobel N.V. response to provisional findings (PDF, 259 Kb) 15.10.12
• Annex 1 (PDF, 194 Kb) 15.10.12
• Annex 1 - Appendix A 1 (PDF, 551 Kb) 15.10.12
• Annex 2A (PDF, 2.2 Mb) 15.10.12
• Annex 2B (PDF, 2.0 Mb) 15.10.12
• Annex 3 (PDF, 66 Kb) 15.10.12
• Akzo Nobel N.V. response to remedies notice (PDF, 58 Kb) 05.10.12
• Metlac Holding S.r.l. response to provisional findings (PDF, 106 Kb) 15.10.12
• Metlac Holding S.r.l. response to remedies notice (PDF, 40 Kb) 05.10.12
• Salchi Metalcoat S.r.l. response to provisional findings (PDF, 22 Kb) 15.10.12

Summaries of hearings held with third parties

• Ardagh Group (PDF, 42 Kb) 24.08.12
• Ball Packaging Europe (PDF, 30 Kb) 24.08.12
• Caldicot Metal Decorating Limited (PDF, 36 Kb) 13.08.12
• Crown Packaging Europe (PDF, 32 Kb) 07.09.12
• Diostyl Coatings B.V. (PDF, 44 Kb) 24.08.12
• PPG Industries (PDF, 37 Kb) 13.08.12
• Rexam Beverage Can Europe (PDF, 38 Kb) 03.09.12
• Salchi Metalcoat S.r.l. (PDF, 35 Kb) 29.08.12
• Valspar Corporation (PDF, 48 Kb) 24.08.12

Responses to issues statement

• Issues statement (PDF, 51 Kb) (27.06.12)
• Metlac Holding S. r. l. (PDF, 193 Kb) 17.07.12

Initial submissions

• Akzo Nobel N. V. initial submission (PDF, 242 Kb) Annex 1 – Glossary (PDF, 647 Kb) Annex 3 – Chronology (PDF, 28 Kb) 05.07.12
• Metlac Holding S. r. l. initial submission (PDF, 247 Kb) 05.07.12

Announcements

• ECA Notice 3 (PDF, 37 Kb) (21.12.12)

News releases

• CC invites evidence news release (24.05.12)
• Issues statement news release (27.06.12)
• Provisional findings report and Notice of possible remedies news release (20.09.12)
• Final report news release (21.12.12)

Core documents

• Terms of reference (PDF, 21 Kb) (23.05.12)
• Inquiry Group: Roger Witcomb (Chairman of the group), Ian Jones, Anthony Stern, Katherine Holmes
• Disclosures of interest (PDF, 69 Kb)
• Administrative timetable (PDF, 25 Kb)
• Issues statement (PDF, 51 Kb) (27.06.12)
• Notice of provisional findings (PDF, 40 Kb) (20.09.12)
• Summary of provisional findings report (PDF, 81 Kb) (20.09.12)
• Notice of possible remedies (PDF, 124 Kb) (20.09.12)
• Provisional findings report (PDF, 727 Kb) and Appendices & Glossary (PDF, 1.1 Mb) Appendices & Glossary (PDF, 1.1 Mb) (21.09.12)
• Notice of extension (PDF, 23 Kb) (05.10.12)
• Final report (PDF, 1.0 Mb) and Appendices & Glossary (PDF, 1.5 Mb) (21.12.12)

Phase 1

Affected market: Manufacture and supply of metal packaging coatings and metal decorating inks No. ME/5319/12

Referred.

Full text of decision: Anticipated acquisition by Akzo Nobel NV of Metlac Holding S.R.L

Published 1 October 2015