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EU approves Carlyle's purchase of Zodiac boat unit
September 18, 2007 / 8:53 AM / 10 years ago

EU approves Carlyle's purchase of Zodiac boat unit

BRUSSELS, Sept 18 (Reuters) - Carlyle Group [CYL.LU] of Luxembourg won competition clearance from the European Commission on Tuesday to buy the marine division of French aircraft cabin and boat equipment maker Zodiac (ZODC.PA).

The Commission, the European Union’s top antitrust regulator, said the overlaps between Zodiac Marine and Carlyle’s Jandy Pool Products were limited.

“For the products concerned, in particular salt water chlorinators and pool heating equipment, the combined entity would continue to face effective competition from other suppliers active in the sector,” it said in a statement.

The deal was originally structured as a joint venture, but 72 percent owned by Carlyle.

The unit manufactures inflatable boats and pool care products.

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