In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation consisting of the acquisition by \u201cNippon Paint Holdings Co. Ltd\u201d (NPHD) of the exclusive control of the company \u201cLSF11 A5 TopCo LLC\u201d and its subsidiaries (AOC).<\/p>\n \u201cNPHD\u201d is a Japanese joint-stock company, headquartered in Tokyo, Japan, and is a manufacturer of paints and paint products operating in the architecture, industry, automotive, and marine sectors. NPHD’s products include automotive coatings, decorative paints, industrial coatings, fine chemicals, and other paints, as well as related activities.<\/p>\n \u201cLSF11 A5 TopCo LLC\u201d is a holding company headquartered in Collierville, Tennessee, United States of America, which holds shares of \u201cAOC\u201d.<\/p>\n \u201cAOC\u201d is a group of subsidiary companies of the company \u201cLSF11 A5 TopCo LLC\u201d, providing specialized formulations and solutions that enable its customers to create products and components for applications in: (i) coatings, adhesives, sealants, and elastomers (\u201cCASE\u201d) and colorants: protective coatings and barriers, colorants and visual effects, adhesives, and specialty products; and (ii) conventional composites. Composites made from AOC’s products are then used for a wide variety of applications. AOC’s products mainly include: vinyl ester resins, unsaturated polyester resins, gelcoats, pigment dispersions, intermediates for glass, additives for thermosetting molding compounds such as low-profile additives, maleic anhydride, and promotion and inhibition solutions.<\/p>\n <\/p>\n Done in Rabat on December 5, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirer: the company \u201cNippon Paint Holdings Co. Ltd\u201d; The Target: the company \u201cLSF11 A5 TopCo LLC\u201d. Nature of the operation Takeover Economic sectors concerned Paint industry sector. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. December 19, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation consisting of the acquisition by \u201cNippon Paint Holdings Co. Ltd\u201d (NPHD) of the exclusive control of the company \u201cLSF11 A5 TopCo LLC\u201d and its subsidiaries (AOC). \u201cNPHD\u201d is a Japanese joint-stock company, headquartered in Tokyo, Japan, and is a manufacturer of paints and paint products operating in the architecture, industry, automotive, and marine sectors. NPHD’s products include automotive coatings, decorative paints, industrial coatings, fine chemicals, and other paints, as well as related activities. \u201cLSF11 A5 TopCo LLC\u201d is a holding company headquartered in Collierville, Tennessee, United States of America, which holds shares of \u201cAOC\u201d. \u201cAOC\u201d is a group of subsidiary companies of the company \u201cLSF11 A5 TopCo LLC\u201d, providing specialized formulations and solutions that enable its customers to create products and components for applications in: (i) coatings, adhesives, sealants, and elastomers (\u201cCASE\u201d) and colorants: protective coatings and barriers, colorants and visual effects, adhesives, and specialty products; and (ii) conventional composites. Composites made from AOC’s products are then used for a wide variety of applications. AOC’s products mainly include: vinyl ester resins, unsaturated polyester resins, gelcoats, pigment dispersions, intermediates for glass, additives for thermosetting molding compounds such as low-profile additives, maleic anhydride, and promotion and inhibition solutions. Done in Rabat on December 5, 2024.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-40297","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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