EUR-Lex Access to European Union law

Back to EUR-Lex homepage

This document is an excerpt from the EUR-Lex website

Document 52022M10712

Prior notification of a concentration (Case M.10712 – APOLLO MANAGEMENT / TENNECO) (Text with EEA relevance) 2022/C 379/08


OJ C 379, 3.10.2022, p. 14–14 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)



Official Journal of the European Union

C 379/14

Prior notification of a concentration


(Text with EEA relevance)

(2022/C 379/08)


On 23 September 2022, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

Apollo Management, L.P. (‘Apollo’, USA),

Tenneco Inc. (‘Tenneco’, USA).

Apollo will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Tenneco.

The concentration is accomplished by way of purchase of shares.


The business activities of the undertakings concerned are the following:

Apollo is active in the global asset management and portfolio investments. Apollo has recently acquired sole control over MAFTEC Co. Ltd. (‘MAFTEC’). MAFTEC is active in the production and supply of polycrystalline alumina fiber wool (‘PCW’) blankets and mats. PCW blankets are used for various high-temperature fireproof applications. PCW blankets can be further processed to produce PCW mats, which are used as a substrate support in automobile’s catalytic converters.

Tenneco is a global supplier of components for motor vehicles. Tenneco uses PCW mats as an input for the manufacture of catalytic converters and aftertreatment systems.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:


Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:


Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel


(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).