EC moves Greiner bid for Recticel to next level

摘要

Brussels-The European Commission is concerned that if Greiner succeeds in its bid for Recticel,there could be competition problems in technical foams.In a statement,the commission said it is worried that the deal could lead to reduced choice and higher prices for technical rolls,noise vibration and harshness reducing foams,as well as filter foams for a number of European markets.These markets are already concentrated in Austria,Germany,Poland and the Czech Republic,the EC said.It also added that the European automotive industry relies on both companies because of their reputation,broad product portfolio and qualification by car makers.