The Service of the Commission for the Protection of Competition received, according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), a notification of a proposed concentration on behalf of the Tetra Laval Holdings & Finance SA concerning the acquisition of the Miteco AG and certain assets of the Miteco Italia S.r.l.
Tetra Laval Holdings & Finance SA is registered under the Laws of Switzerland. It belongs to the Tetra Laval group of companies. The Tetra Laval group of companies is comprised by the following three industry groups (a) Tetra Pak is engaged with the processing, packaging and distribution of systems for food in carton packaging material, (b) DeLaval is engaged with the equipment and the systems for milk production and animal husbandry and (c) Sidel is engaged with packing equipment and systems for beverages. Tetra Laval group is active in the Republic of Cyprus in the supply of package processing systems for food and carton packaging materials, in the supply of equipment and systems for milk production and animal husbandry and the supply of beverages processing systems.
Miteco AG is registered under the Laws of Switzerland. Miteco Italia S.r.l is registered under the Laws of Italy. Miteco AG and Miteco Italia S.r.l are both active globally in the market of beverages processing systems. Miteco AG and Miteco Italia S.r.l are active in the Republic of Cyprus in the supply of beverages processing systems.
|