Commission Decision of 31/07/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4270 - PLATINUM EQUITY / TEXTRON FASTENING SYSTEMS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 31/07/2006 SG-Greffe(2006) D/204356 To the notifying party Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.4270-Platinum Equity / Textron Fastening Systems Notification of 23/06/2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 152, dated 30/06/2006, page 4.
1. On 23.06.2006 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Platinum Equity LLC (“Platinum”, USA) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the Fastening Systems Business of Textron , Inc. (“TFS,” USA) by way of purchase of shares and assets. 2. The business activities of the undertakings concerned are : - for Platinum: private equity firm specializing in acquisition of companies with a broad range of business markets; - for TFS: fasteners (such as nuts, bolts and screws), fastening systems and services.
3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph ( c ) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No.
139/2004. For the Commission, signed by Lowri Evans Philip LOWE Director General [1] OJ L 24, 29.1.2004 p. 1 [2] OJ C 56, 05.3.2005 p.32 --------------------------------------------------