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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/63 - MITSUBISHI RAYON /LUCITE
Acquired
Lucite
Description
a British-registered company that produces and sells methacrylate monomers, in particular MMA; it also produces and sells materials produced from acrylic sheets, polymers, resins and composites, as well as polymeric methacrylic (PMMA) products.
Acquiring
Mitsubishi Rayon
Description
a Japanese-registered company that produces monomers and polymers, from its MMA (methyl methacrylate) and AN (acrylonitrile) business complexes, as well as synthetic resins, carbon fibres, composite materials, plastic optical fibres, and high-performance hollow fibre membranes;
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C20 - Manufacture of chemicals, chemical products and man-made fibres, except pharmaceutical products
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 20 November 2008, with effect on 11 December 2008, this merger operation consists of the acquisition of exclusive control of Lucite International Group Limited ("Lucite") by Mitsubishi Rayon Co. Ltd ("Mitsubishi Rayon"), by means of the acquisition of all the shares representing its registered capital.
Timeline
2009-01-15
COMPETITION AUTHORITY authorises MITSUBISHI RAYON /LUCITE merger operation
2008-12-18
Publication of the announcement
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