Mergers: Commission clears acquisition of Dorel by the Cerberus Group

Daily News 04 / 02 / 2021


Economy - published on 08 February 2021


https://www.trevisobellunosystem.com/tvsys/img/notizie/eu_commissione_europea.jpg

Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of Dorel Industries Inc. (‘Dorel’) of Canada by Cerberus Capital Management, L.P. (‘Cerberus Group’) of the US
Cerberus Group is a private investment firm with holdings in real and personal property of various kinds worldwide. Dorel is active in juvenile products, bicycles and home products worldwide, and
its brands include Dorel Juvenile, Dorel Sports, and Dorel Home. The Commission concluded that the proposed acquisition would raise no competition concerns given that the companies are not active
in the same product and geographic markets. The transaction was examined under the simplified merger review procedure. More information will be available on the Commission’s competition website, in the
public case register
under the case number
M.10086
.

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