Search results - Concurrences

2 Jul 2020

The EU Commission approves €46.5 million Hungarian investment aid for a chemical company’s new lithium-ion battery separator film plant (Toray)

European Commission • July 2020

State aid: Commission approves €46.5 million Hungarian investment aid to Toray’s lithium-ion battery separator film plant* The European Commission has found Hungary’s €46.5 million investment aid to the chemical company Toray for a new battery separator film plant in the Közép-Dunántúl (Central (...)

22 May 2020

The Cypriot Competition Authority fines detergent seller €3.3M for abuse of dominance and obstruction of parallel imports of its products by competitors (Κ.A.C. Constantinides Trading / GPM-Henkel)

Cypriot Competition Authority • May 2020

The Commission for the Protection of Competition has imposed on Henkel AG & Co. KGaA, jointly and severally with GPM-Henkel Ltd, a total administrative fine amounting to €3.302.000 (three million, three hundred and two thousand euro) for infringement of Section 6(1)(b) of the Law and the (...)

4 May 2020

The EU Commission clears acquisition of large specialised refiner of copper scrap by the world’s largest refiner of copper scrap (Aurubis / Metallo)

European Commission • May 2020

Mergers: Commission clears Aurubis’ acquisition of Metallo* The European Commission has approved, under the EU Merger Regulation, Aurubis’ acquisition of Metallo, a large copper scrap refiner. The Commission concluded that the merger would not adversely affect competition in the European (...)

4 May 2020

The EU Commission approves an acquisition between two large EEA purchasers of copper scrap following an in-depth investigation and concludes that the merger does not adversely affect competition (Metallo / Aurubis)

Porter Elliott • May 2020

On 4 May 2020, the Commission approved German Aurubis’ € 380 million acquisition of Belgian rival Metallo following an in-depth investigation. Aurubis is Europe’s largest integrated copper producer, selling copper shapes, semi-finished copper and various copper alloy products. It also processes (...)

21 Apr 2020

The UK Competition Appeal Tribunal rejects an appeal against the Competition Authority’s merger decision in the cleaning chemicals sector (Ecolab / Holchem)

Dina Jubrail, Matthew Levitt • April 2020

On 21 April 2020, the Competition Appeals Tribunal (the “CAT”) handed down its judgment (the “Judgment”) rejecting the appeal of Ecolab Inc. (“Ecolab”), a global company incorporated in the US, against the CMA’s merger decision on Ecolab’s acquisition of The Holchem Group Ltd (“Holchem”), a UK-based (...)

20 Apr 2020

The Latvian Administrative Regional Court in Riga confirms involvement of the local government company in the so-called nano water acquisition bid-rigging case (Rīgas satiksme)

Latvian Competition Council • April 2020

The court confirms involvement of the local government company SIA “Rīgas satiksme” in the so-called nano water acquisition bid-rigging* On 20 April, the Administrative Regional Court left effective the decision adopted by the Competition Council of Latvia (the CC), according to which last year (...)

3 Apr 2020

The Latvian and Lithuanian Competition Authorities terminate common investigation into alleged prohibited agreement among 7 companies active in construction & household products (Tikkurila companies / Kesko Senukai Lithuania / Kesko Senukai Digital / Ermitažas / DAW Lietuva / Topcolor)

Latvian Competition Council • April 2020

Latvian and Lithuanian competition authorities join forces for investigation of cross-border infringements* Taking into consideration the complexity of cross-border infringements of the competition law, competition authorities join their forces for efficient investigation. For example, (...)

18 mars 2020

Recevabilité : La Cour de cassation confirme l’irrecevabilité des interventions volontaires des saisissantes au soutien de l’Autorité de la concurrence dans la procédure de recours contre une décision sanctionnant l’obstruction à l’instruction (Brenntag)

Alain Ronzano • N° 2-2020

Le 4 juin 2020, l’Autorité de la concurrence a mis en ligne un arrêt de la Chambre commerciale de la Cour de cassation datée du 18 mars 2020 par laquelle elle rejette le pourvoi introduit par la société Gaches Chimie, celle-là même qui était à l’origine, par sa saisine du Conseil de la concurrence en (...)

4 Feb 2020

The Amsterdam Court of Appeal rules that cartel damage claims filed by a claim vehicle is not time-barred under Spanish, Finnish and Swedish law in the chemicals market (CDC / Kemira)

Piet-Hein Eijssen, Pauline Kuipers • February 2020

On 4 February 2020, the Amsterdam Court of Appeal (“Court of Appeal”) ruled that cartel damage claims that were filed by claim vehicle CDC against Kemira were not time-barred under Spanish, Finnish and Swedish law. The Court of Appeal also dismissed Kemira’s challenge to the way in which the (...)

13 Jan 2020

The German Competition Authority imposes fines totalling €154.6 million on plant protection product suppliers for agreeing on price lists, rebates and retail prices (Agravis / Agro Agrargroßhandel / BayWa / BSL Betriebsmittel Service Logistik / Getreide / Raiffeisen Waren / ZG Raiffeisen)

Andrzej Kmiecik • January 2020

On 13 January 2020, the German Federal Cartel Office (FCO) imposed fines totalling € 154.6 million on seven undertakings for agreeing on price lists, rebates and retail prices for plant protection products between 1998 and 2015. Fines were also imposed on employees implicated in the infringing (...)

26 Dec 2019

The Turkish Competition Authority issues an opinion letter regarding its preliminary investigation of a manufacturer of ceramic and granite product for restricting active and passive sales of its dealers outside their territory and for forcing consumers to purchase its products within their provinces (Qua Granit)

Gönenç Gürkaynak, Eda Duru • December 2019

The Turkish Competition Board (“Board”) published its reasoned decision regarding its preliminary investigation pertaining to the allegations that Hayal Seramik Yapı ve Ürünleri San. Tur. ve Tic. A.Ş. (“Qua Granit”) violated Article 4 of the Law No. 4054 on the Protection of Competition (“Law No. (...)

26 Nov 2019

The Dutch Court of Appeal in Arnhem-Leeuwarden finds a subsidiary liable for cartel damage caused by its minority shareholder that had or could have a decisive influence over it (GIS Cartel)

Caroline Cauffman • November 2019

In a decision of 26 November 2019, the Court of Appeal Arnhem-Leeuwarden deduced from the Court of Justice’s decision in Skanska that the EU concept undertaking is to be used to determine the entity which is required to provide compensation for damage caused by an infringement of Article 101 (...)

26 Nov 2019

The Dutch Court of Appeal in Arnhem-Leeuwarden applies a rationale of the EU Court of Justice and finds subsidiary liable for damages resulting from an EU competition law infringement committed by its parent whilst engaging in a cartel (GIS Cartel)

David van Wamel • November 2019

Introduction In its interim judgement of 26 November 2019 (‘interim judgement’) the Dutch Court of Appeal Arnhem-Le euwarden (‘Court of Appeal’) applied the rationale of the Court of Justice of the European Union (‘CJEU’) in Skanska to rule that Cogelex (a subsidiary) and Alstom Holdings (its parent (...)

31 Oct 2019

The EU Commission opens an in-depth investigation into the public support for a chemical plant in Poland (PCC)

European Commission • October 2019

State aid: Commission opens in-depth investigation into public support for chemical company PCC’s plant in Poland* The European Commission has opened an in-depth investigation to assess whether two support measures totalling €39 million awarded by Poland to chemical company PCC MCAA Sp. Zo.o for (...)

8 Oct 2019

The UK Competition and Markets Authority orders a divesture and blocks a merger in the cleaning chemicals sector (Ecolab / Holchem)

Porter Elliott • October 2019

On 8 October 2019, the UK’s Competition and Markets Authority (“CMA”) ordered Ecolab to divest Holchem, effectively blocking the merger of two of the largest cleaning chemicals suppliers in the UK. Ecolab bought Holchem in November 2018. The CMA launched a merger inquiry in February 2019, which (...)

30 Sep 2019

The Spanish Competition Authority publishes two different investigations in the chemical products and network of automatic cashiers sectors

Candela Sotés Macaya, Patricia Linan Hernandez • September 2019

In September, the Spanish Competition Authority (CNMC) has launched two different antitrust investigations, one concerning chemical products and the other concerning the network of automatic cashiers (ATMs). From 17 to 19 September 2019, the CNMC carried out dawn raids at the premises of (...)

24 Sep 2019

The EU General Court rules on an appeal against the recovery of an aid from the new owner of an aid recipient in the chemical sector (Fortischem)

Phedon Nicolaides • September 2019

* Article published on StateAidHub (click here), republished in e-Competitions with the courtesy of the author(s). The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no (...)

24 sept. 2019

Continuité économique : Le Tribunal de l’Union européenne confirme l’existence d’une continuité économique entre deux entités en tenant compte notamment du fait que le périmètre des actifs vendus était très large (Fortischem)

Bruno Stromsky • N° 1-2020 • pp. 132-135

L’arrêt Fortischem concerne une tentative de sauvetage, par la Slovaquie, d’une entreprise privée de production chimique (NCHZ), confrontée à une procédure de faillite et que l’État considérait comme stratégique. Il présente essentiellement deux intérêts : d’une part, il montre bien comment la manipulation (...)

25 juil. 2019

Accès aux infrastructures : L’Autorité de la concurrence rejette une saisine pour défaut d’éléments suffisamment probants dans une affaire relative à des pratiques mises en œuvre dans le secteur du carburant à La Réunion (CCIRPP)

Alain Ronzano • N° 4-2019

Le 25 juillet 2019, l’Autorité de la concurrence a mis en ligne une décision n° 19-D-16 rendue le 24 juillet 2019, sous la présidence de la nouvelle vice-présidente Irène Luc et après intervention en séance de son rapporteur général en personne, relative à des pratiques mises en œuvre dans le secteur du (...)

3 Jun 2019

The Competition Commission of India finds two chemist associations and two pharmaceutical companies to have used no-objection certificates (Madhya Pradesh Chemists and Distributors Federation / Madhya Pradesh Chemists and Druggist Association)

Pallavi Shroff, John Handoll, Naval Satarawala Chopra, Harman Singh Sandhu, Manika Brar, Aparna Mehra, Yaman Verma, Rohan Arora, Shweta Shroff Chopra, Gauri Chhabra • June 2019

India Competition Law Roundup: June 2019 The Competition Commission of India (CCI) found that two chemist associations and two pharmaceutical companies had engaged in a system of no-objection certificates (NOC) under which the associations prescribed which stockist could stock a company’s (...)

29 May 2019

The French Competition Authority fines companies in the chemical pathology products market for failing to apply the legislative changes brought about by the Lurel Act on the implementation of export agreements (bioMérieux / Guyane Service Médical)

French Competition Authority • May 2019

The Autorité has fined the companies bioMérieux and Guyane Service Médical for continuing to implement an exclusive import agreement, after the Lurel Act came into force.* Following information submitted by the Directorate General for Competition Policy, the Autorité issues a new decision (...)

15 May 2019

The Polish Competition Authority clears merger subject to the resulting corporate group’s accepting to sell two fuel stations (BP Europa / Arge Paliwa / Arge Nieruchomości)

Polish Competition Authority • May 2019

Conditional approval for concentration: BP - Arge* The Office of Competition and Consumer Protection (UOKiK) issued an approval for acquisition, by BP Europa, of control over Arge Paliwa and Arge Nieruchomości. The Transaction may become effective under the condition that the acquiring company (...)

1 May 2019

Common ownership: A practitioner’s view

Laurence Bary • N° 2-2019 • pp. 228-235

Common ownership has become a hot topic in antitrust. Until recently, though, it remained largely a theoretical debate. The merger control decisions issued by the European Commission in Dow/DuPont and Bayer/Monsanto, however, have suddenly made it a real concern for companies – even though the (...)

29 Apr 2019

The Shanghai Market Regulation Bureau fines a chemical firm for abuse of dominance (Eastman)

Zhan Hao, Song Ying, Stephanie Wu, Hongjie Lyu • April 2019

Chemical Giant Eastman is Slapped with a Fine for Abuse of Market Dominance in China* China’s competition watchdog SAMR made a penalty decision, adopted by its Shanghai branch Shanghai Market Regulation Bureau (“SMRB”), publicized on its official website1 on April 29, 2019, right before the (...)

12 Apr 2019

The Latvian Competition Authority fines companies involved in bid-rigging on the market of supply of nanotechnology chemicals (Rīgas satiksme / Sava arhitektūra)

Latvian Competition Council • April 2019

The CC fines the companies involved in bid-rigging in price quotations on supply of nanotechnology chemicals* On 12 April, the Competition Council of Latvia (the CC) detected a prohibited agreement implemented by six applicants and supported by the municipal passenger carrier SIA “Rīgas (...)

4 Apr 2019

The French Competition Authority delivers its opinion on the distribution of medicinal products and biomedical laboratories

French Competition Authority • April 2019

4 April: Distribution of medicinal products and biomedical laboratories: the Autorité delivers its opinion After several months of investigation and a large public consultation, the Autorité de la concurrence releases the findings of its healthcare sector inquiry. The medicinal product (...)

21 Mar 2019

The Mexican Competition Authority investigates the rail transport of chemical and petrochemical products and determines that there is a lack of effective competition (Veracruz)

Mexican Competition Authority • March 2019

COFECE’s Investigative Authority preliminarily determines the lack of effective competition in the rail transport of chemical and petrochemical products in the south of the state of Veracruz* The Investigative Authority’s Preliminary Opinion stipulates that lack of competition affects the rail (...)

1 Mar 2019

The Polish Competition Authority conditionally clears merger between two companies in the chemical sector (ACP Europe / Eurocylinder)

Polish Competition Authority • March 2019

Condition for Air Products&Chemicals* Air Products&Chemicals are allowed to take ACP Europe and Eurocylinder over, but under certain conditions. Thus, prices of carbonated beverages will not increase. This is the first conditional decision UOKiK has made this year. The President of (...)

25 Feb 2019

The Polish Competition Authority conditionally approves a merger between liquid carbon dioxide producers to structural and behavioural remedies (Air Products and Chemicals / ACP Europe / Eurocylinder)

Szymon Gołębiowski • February 2019

On 25 February 2019, the acquisition of ACP Europe S.A. and Eurocylinder NV (subsidiaries of L’Acide Carbonique Pur) by Air Products and Chemicals, Inc. (“APC”) was conditionally approved by the Polish Competition Authority (“PCA”) (decision DKK-51/2019). The proposed foreign-to-foreign transaction (...)

25 Feb 2019

The Polish Competition Authority clears a merger in the chemical sector imposing a combination of structural and behavioural remedies (Air Products and Chemicals / ACP Europe / Eurocylinder)

Robert Gago • February 2019

On February 25, 2019 the President of the Polish Office of Competition and Consumer Protection (“OCCP”) issued a conditional decision (“Decision”) clearing the concentration consisting in the acquisition by Air Products and Chemicals Inc. (“Air Products”) of ACP Europe S.A. and Eurocylinder NV (...)

15 Jan 2019

The Indian Competition Authority re-imposes fines on a professional association for limiting supply with its certification requirements in the pharmaceutical industry (Vedanta Bio Sciences Vadodara / Chemists and Druggists Association of Baroda)

Man Mohan Sharma • January 2019

CCI Imposes Penalty on Chemists and Druggists Association of Baroda* CCI, by way of order dated 15.01.2019 has found the Chemists and Druggists Association of Baroda (‘CDAB’) to be in contravention of the Act by indulging in the activity of limiting and controlling the supply of drugs and (...)

17 Dec 2018

The EU Commission finds that a Romanian petrochemical company received around €335 million of incompatible aid (Oltchim)

European Commission • December 2018

State aid: Romania needs to recover incompatible aid from petrochemical company Oltchim* The European Commission has found that Romanian petrochemical company Oltchim received around €335 million of incompatible aid from Romania, since the company’s failed privatisation in September 2012. (...)

13 Dec 2018

The EU General Court annuls a Commission decision which found that Slovakia did not grant incompatible state aid to a chemical company (AlzChem)

Phedon Nicolaides • December 2018

Article published on StateAidHub: http://stateaidhub.eu, republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no (...)

1^er oct. 2018

Petit manuel (irrévérencieux) d’économie Chapitre 7. La France a tout pour réussir : Miser sur nos excellences !

Emmanuel Combe

171 Chapitre 7 La France a tout pour réussir : Miser sur nos excellences ! Si notre commerce extérieur affiche depuis maintenant 15 ans un déficit abyssal –oscillant entre 40 et 50 milliards chaque année- nous réalisons encore quelques belles performances à l’exportation d\ ans des secteurs comme (...)

28 Sep 2018

The EU Commission approves under EU State Aid rules a €45 million investment aid of Hungary to a chemical company (BorsodChem)

European Commission • September 2018

State aid: Commission approves Hungary’s €45 million investment aid to BorsodChem* The European Commission has found Hungary’s €45 million investment aid to chemical company BorsodChem Zrt to be in line with EU State aid rules. The aid will contribute to the development of the region of Northern (...)

18 Sep 2018

The Indian Competition Authority fines manufacturer associations for bid rigging in public procurement program for ethanol, ignoring market economics (ISMA Indian Sugar Mills Association / EMAI Ethanol Manufactures Association of India)

Man Mohan Sharma • September 2018

CCI imposes penalty on Sugar mill manufacturers and Trade Associations (ISMA and EMAI) for collusive bidding in Government tender under the Ethanol Blending Programme* The Competition Commission of India (CCI/Commission) vide order dated September 18, 2018 has imposed heavy monetary penalties (...)

12 Jul 2018

The Indian Competition Authority fines state chemists’ association and 3 pharma companies for anticompetitive practice of "No Objection Certificates" prior to appointment of stockists (Alis Medical Agency / Federation of Gujarat State Chemists & Druggists Associations)

Man Mohan Sharma • July 2018

CCI imposes penalties on the Chemists’ Associations in State of Gujarat and three pharma companies for indulging in practice of “No Objection Certificate” before appointment of stockists* The Competition Commission of India (“CCI”) by way of an order dated 12 July 2018 has imposed penalty on the (...)

10 juil. 2018

Bénéfice de la clémence : La Cour de cassation confirme que la clémence accordée à une filiale ne profite pas à son ancienne mère si celle-ci n’a pas sollicité elle-même le bénéfice de la clémence, par cela seul qu’elle ne forme plus avec son ancienne filiale une unité économique au moment de la demande d’immunité (GEA Group)

Alain Ronzano • N° 4-2018

Le 10 juillet 2018, la Chambre commerciale de la Cour de cassation a rendu un intéressant arrêt, à la faveur duquel elle vient confirmer le principe adopté par l’Autorité de la concurrence avec la bénédiction de la Cour d’appel de Paris selon lequel le bénéfice de la clémence sollicitée par une filiale (...)

10 juil. 2018

Clémence : La Cour de cassation confirme le principe selon lequel la demande de clémence formulée par une filiale ne bénéficie pas à son ancienne société mère, dès lors qu’elle ne la détenait plus au moment du dépôt de cette demande (GEA Group)

Christophe Lemaire, Marie Florent • N° 4-2018 • pp. 171-172

La problématique des relations intra-groupes est un sujet complexe en droit de la concurrence, en particulier quand les groupes évoluent et se restructurent au cours ou à la suite de pratiques anticoncurrentielles (v. sur ce sujet, not., Ch. Lemaire, Responsabilité concurrentielle des groupes de (...)

4 Jul 2018

The EU Commission clears a merger, subject to remedies, in the titanium dioxide pigment market (Tronox / Cristal)

European Commission • July 2018

Mergers: Commission approves Tronox’s acquisition of Cristal, subject to conditions* The European Commission has approved under the EU Merger Regulation the acquisition of Cristal by Tronox, both major suppliers of titanium dioxide pigment. The approval is conditional on full compliance with (...)

20 Jun 2018

The Alberta Court of Queen’s Bench (Canada) rules a private claim regarding a joint venture agreement between two purchasers of chemicals products (Dow Chemical Canada / Nova Chemicals Corporation)

Steve Szentesi • June 2018

Alberta Court of Queen* In a recent decision handed down by the Alberta Court of Queen’s Bench, in Dow Chemical Canada ULC v. NOVA Chemicals Corporation, 2018 ABQB 482 (“Dow Chemical”), the Court established both new law and confirmed earlier case law under sections 45 and 90.1 of the federal (...)

14 juin 2018

Obstruction à l’instruction : La Cour d’appel de Paris déclare irrecevables les interventions volontaires au soutien de l’Autorité de la concurrence dans l’affaire des commodités chimiques (Brenntag)

Alain Ronzano • N° 3-2018

Le 14 juin 2018, la Chambre 5-7 de la Cour d’appel de Paris a rendu un arrêt dans l’interminable affaire des commodités chimiques à propos de la dernière péripétie en date : celle de la décision adoptée le 21 décembre 2017 par l’Autorité de la concurrence à la faveur de laquelle elle a sanctionné pour la (...)

8 Jun 2018

The EU Commission carries out unannounced inspections in the styrene monomer purchasing sector

European Commission • June 2018

Antitrust: Commission confirms unannounced inspections in the styrene monomer purchasing sector* The European Commission can confirm that on 5 June 2018 its officials carried out unannounced inspections in several Member States at the premises of companies active in styrene monomer purchasing. (...)

30 mai 2018

Contrôle des concentrations : La Commission européenne confirme le rapprochement des deux principaux cablo-opérateurs néerlandais et autorise l’acquisition d’une partie des activités phytosanitaires et des activités liées à la santé et à la nutrition dans le domaine d’industrie chimique (Liberty Global / Ziggo ; FMC / Dupont)

Alain Ronzano • N° 4-2018

Ces derniers jours, la Commission a rendu publiques deux décisions « concentration » rendues respectivement en juillet 2017 et en mai 2018. Commençons par la décision rendue le 30 mai 2018 à la faveur de laquelle la Commission a confirmé le rapprochement des deux principaux cablo-opérateurs (...)

16 May 2018

The Indian Competition Authority opens investigation into abuse of dominance by a diversified textiles manufacturer in the market for Viscose Staple Fibre (Grasim Industries)

Man Mohan Sharma • May 2018

CCI directs investigation against Grasim Industries Ltd. (‘Grasim’) for abuse of dominant position* The CCI vide an order dated May 16, 2018 directed investigation against Grasim for abusing its dominant position in the relevant market for the sale of Viscose Staple Fibre in India. The (...)

8 May 2018

The Turkish Competition Board approves the acquisition of control over chemical company based on commitments submitted to the EU Commission (Bayer / Monsanto)

Gönenç Gürkaynak, Onur Özgümüş • May 2018

The Turkish Competition Board (“ Board ”) granted conditional approval to the acquisition of sole control over Monsanto Company (“ Monsanto ”) by Bayer Aktiengesellschaft (“ Bayer ”), by way of taking into account the commitments submitted before the European Commission (“ Commission ”). This case (...)

30 Apr 2018

The EU Commission clears a merger subject to remedies on the seeds, pesticides and digital agriculture market (Bayer’s Crop Science / BASF)

European Commission • April 2018

MERGERS: COMMISSION CLEARS ACQUISITION OF PARTS OF BAYER’S CROP SCIENCE BUSINESS BY BASF, SUBJECT TO CONDITIONS* The European Commission has conditionally approved under the EU Merger Regulation the acquisition of parts of Bayer’s Crop Science business by BASF. This transaction is related to the (...)

21 Mar 2018

The EU Commission clears a merger, subject to remedies, in the seeds, pesticides and digital agriculture sector (Bayer / Monsanto)

European Commission • March 2018

Mergers: Commission clears Bayer’s acquisition of Monsanto, subject to conditions* The European Commission has approved under the EU Merger Regulation the acquisition of Monsanto by Bayer. The merger is conditional on the divestiture of an extensive remedy package, which addresses the parties’ (...)

22 Feb 2018

The US FTC challenges a merger due to the potential negative effects it caused in the market for marine water treatment for chemicals (Drew Marine Group / Wilhelmsen Maritime Services)

Stephanie McAree Mirrow • February 2018

FTC ALLEGES "GLOBAL FLEETS" IN CHALLENGE TO WILHELMSEN’S ACQUISITION OF DREW MARINE* The Federal Trade Commission (“FTC”) recently issued an administrative complaint and amended complaint challenging the proposed acquisition of Drew Marine Group (“Drew”) by Wilhelmsen Maritime Services (...)

22 Feb 2018

The US FTC issues an administrative complaint challenges a merger in the global fleet market which can increase the risk of price discrimination and reduce competition (Wilhelmsen Maritime / Drew Marine)

Jonathan Ende, Gregory E. Heltzer • February 2018

The Federal Trade Commission (FTC) recently announced that it has challenged a merger between Wilhelmsen Maritime Services (Wilhelmsen) and Drew Marine Group (Drew) because of an overlap in service to “global fleet customers,” a narrow customer segment that purchases marine water treatment (...)

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