In its decision dated 12 February 2002, the Turkish Competition Board (Hereafter “CB”) unconditionally cleared the acquisition by Eliokem Holding SAS (Hereafter “Eliokem”), under the control of Littlejohn Fund II, L.P. (Hereafter “Littlejohn”), of Goodyear Chemicals Europe (Hereafter “GCE”). The aim of the concentration for Littlejohn, was to undertake Goodyear Group producing special chemicals through the medium of Eliokem created for the purposes of this acquisition. The relevant markets in the special chemicals industry The GCE, who is the subject of this acquisition, produces and markets the special chemicals also the dyes, the synthetic gum, the plastic, the latex products used in various fields. The CB grouped these chemicals in three categories such as special resins, plastic
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The Turkish Competition Authority clears an acquisition in the special chemicals industry sector (Eliokem / Goodyear Chemicals)
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