Fedrigoni S.p.A. / Arjowiggins Group Limited merger inquiry

The CMA investigated the anticipated acquisition by Fedrigoni S.p.A. of Arjowiggins Group Limited.

• From: Competition and Markets Authority
• Published: 13 January 2023

• Case type: Mergers
• Case state: Closed
• Market sector: Paper printing and packaging
• Opened: 30 November 2022
• Closed: 30 November 2022

Statutory timetable

Phase 1	Action
30 September 2022	Merger abandoned
23 September 2022	Revocation of initial enforcement order
17 June 2022	Initial enforcement order

Phase 1

Merger abandoned

30 September 2022: Fedrigoni S.p.A. confirmed that it has abandoned its proposed acquisition of Arjowiggins Group Limited. On this basis, the CMA has decided not to make a reference in this case.

Revocation order

23 September 2022: The CMA has made a Revocation Order under section 72(4)(b) of the Enterprise Act 2002 in relation to the anticipated acquisition by Fedrigoni S.p.A. of Arjowiggins Group Limited. The Revocation Order revokes the initial enforcement order that the CMA imposed on 17 June 2022.

• Revocation order (PDF, 125KB) (13.1.23)

Initial enforcement order

17 June 2022: The CMA has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Bain Capital Investors, LLC, Bain Capital Europe Fund, IV, LP, BCIP Associates V, LP, BCIP Associates V-B, LP, Fabric (BC) Investor S.à.r.l, Fabric Poolco S.à.r.l., Fabric(BC) Topco S.à.r.l., Fabric (BC) Midco Ltd, Fedrigoni Holding Ltd., Fedrigoni S.p.A. and its subsidiaries, AW Creative Papers Group Limited, and Arjowiggins Group Limited.

• Initial enforcement order (PDF, 188KB) (13.1.23)

Amendments / consents granted

• Derogation 21 September 2022 (PDF, 139KB) (13.1.23)
• Derogation 31 August 2022 (PDF, 144KB) (13.1.23)
• Derogation 22 July 2022 (PDF, 122KB) (13.1.23)
• Derogation 17 June 2022 (PDF, 202KB) (13.1.23)

Published 13 January 2023