EU Commission clears acquisition of PeroxyChem by Evonik

The European Commission has approved June 5, 2019, under the EU Merger Regulation, the acquisition of PeroxyChem Holdings L.P. (“Peroxychem”) of the US by Evonik Industries AG (“Evonik”) of Germany.

Both Peroxychem and Evonik are globally active in the production and marketing of specialty chemicals, in particular of hydrogen peroxide (“H2O2”) and peracetic acid (“PAA”). The Commission concluded that the horizontal overlaps and vertical relationships between the companies’ activities resulting from the proposed transaction would raise no competition concerns in the European Economic Area, given the presence of several other well-established H2O2 and PAA suppliers.