Decision Nº M/13/032 from Competition and Consumer Protection Commission, 2013-12-13

Date13 December 2013
Decision NumberM/13/032
PartiesDynea Ireland Limited,Tennants Consolidated Limited
StatusCleared (Phase 1)
Merger Notification No. M/13/032 – Tenants / Dynea
DETERMINATION OF MERGER NOTIFICATION M/13/032 –
Tennants / Dynea
Section 21 of the Competition Act 2002
Proposed acquisition by Tennants Consol idated Limited Dynea Ireland
Limited and certain of the business and assets of Dyn ea UK Limited
Dated 13 December 2013
Introduction
1. On 18 November 2013, in accordance with secti on 18 of the
Competition Act 2002 (“the Act”), the Comp etition Authority (“the
Authority”) received a notification of a proposed acquisition whereby
Tennants Consolid ated Limited (“Tennants”), th rough its wholly owned
subsidiaries Synthite Limited (“Synthite”) and TS Resins Limited (“TS
Resins”), woul d acquire sole control of D ynea Ireland Limited (“Dynea
IRE”) and certain of the business and assets of Dynea UK Limited
(“Dynea UK”) (together “the Target”).
The Undertakings
Tennants
2. Tennants is a UK private limited company headquartered in London
and prima rily involved in the production a nd distribution of chemicals.
Tennants has chemical manu facturing facilities in several locations
including in Brazil, Canada, China, Italy, the UK and the USA. Its
distribution activities are centred primarily on the UK and continental
Europe but it also distributes to Canada.
3. Globally Tennants manufactures and/or distributes a wide variety of
chemicals including: resins, pigments, pigment dispersions,
formaldehyde and allied products, polyureth anes resins and additives
for inks and coatin gs, moulding powders, mining chemicals, aroma
chemicals (for use in fragrances), chemical specialties to the polymer
manufacturing and processing industry an d chemical s for use in the
cosmetics, food, pharmaceuti cal and industrial sectors. Tenn ants also
synthesizes organic compounds to research and development
companies in the pharmaceutical and bioscience industries.
1
Tennan ts
also manufactures and dist ributes AdBlue
®
, together with storage and
dispensing equipment though the licensed trademark Green ox
®
.
2
4. Within the State, Tennants is active through three subsi diaries namely:
1
See: http://www.tennants.eu/pages_en/tennantgroup/ten_con_ltd.html
2
AdBlue is a solution of urea in demineralised water and is used in vehicles with diesel engines to
reduce Nitrous Oxide (NOx) emissions. For more information see:
http://www.charlestennant.com/brochures/Adblue_brochure.pdf and
http://www.greenoxadblue.co.uk/

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