TETRA DEAL
August 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Commission has cleared the takeover by Swiss food packaging giant Tetra Laval of Italian food and drink filling and packaging company SIG Simonazzi, without imposing conditions. This follows a Brussels investigation focusing on the potential competition problems caused through their joint interests in aseptic PET and HDPE plastic packaging filling machines and non-aseptic PET filling machines. Commission officials however found the merged company would "continue to face a number of competitors who are active in these markets". ...
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