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Image header Agence Europe
Europe Daily Bulletin No. 8370
Contents Publication in full By article 17 / 20
GENERAL NEWS / (eu) eu/competition

Commission clears acquisition of Hansgrohe by Masco

Brussels, 02/01/2003 (Agence Europe) - The European Commission has cleared the acquisition of German bathroom products producer Hansgrohe AG by US-based global consumer product manufacturer Masco Corporation. Both companies manufacture and sell taps and mixers, shower accessories and hydrotherapy products throughout Europe, but in most European countries the overlapping activities will only result in combined market shares of well below 15% for any of these products. The transaction creates...

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