EC approves Solidus takeover by Centerbridge

Image courtesy: Solidus Solutions

German private equity company Aurelius Equity Opportunities has received the green light to sell the solid board and packaging solutions company Solidus Solutions to Centerbridge Partners, according to Euwid.

The European Commission concluded that the proposed acquisition would raise no competition concerns. There is no overlap between the companies' activities. The transaction was examined under the simplified merger review procedure.

Solidus Solutions specializes in recovered fibre-based graphic board and solid board packaging for food, beverage, horticulture, consumer products and industrial applications.