Press Release: Mergers: Commission clears acquisition of US specialty chemical company Lubrizol Corporation by Berkshire Hathaway

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of sole control of Lubrizol by Berkshire. The Commission concluded that the transaction would not raise competition concerns, because of the parties' moderate market shares and the presence of a number of credible competitors in the markets concerned. The Commission examined the competitive effects of the proposed acquisition in the affected markets for the sale of acrylic emulsions, glass fibre products, DBSAM and decorative coatings.