Press Release: Mergers: Commission clears acquisition of advanced composite material supplier Umeco by US rival Cytec Industries

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the UK-based manufacturer and supplier of advanced composite materials Umeco, by Cytec, an American specialty chemicals and materials company.

Advanced composite materials typically combine a fibre and a resin resulting in a material that can replace metals such as aluminium and steel in the production of, for example, aircraft or automotive components. The Commission found that the merged entity would continue to face a number of strong competitors in the markets in which it is active and that the proposed transaction would therefore not raise competition concerns.