Mergers: Commission clears acquisition of Dorel by the Cerberus Group
Daily News 04/02/2021
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.