CASE COMMENTS: MERGERS - HORIZONTAL MERGER - CONDITIONAL CLEARANCE
Horizontal Merger: The French Minister of Economy clears with conditions a merger in the equipment sector (Stanley/Facom)
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– Min. Eco. 30 November 2005, Stanley / Facom, aff. C2005-68
On 30 November 2005, the Minister conditionally authorised the acquisition of exclusive control of Facom by The Stanley Works (Stanley), both companies active in the production and marketing of hand tools for individuals and professionals. Following the operation, the new entity will be able to offer distributors a complete range of product families differentiated in terms of quality (medium and top-of-the-range), as well as a brand which enjoys a very high level of recognition (Facom) among professionals and private individuals alike.
After considering that the new entity's market shares on
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