The European Commission has opened an in-depth investigation into the planned acquisition of joint control by Ferd (owner of Elopak of Norway) and CVC (Luxembourg) over SIG of Switzerland. Both Elopak and SIG are suppliers of carton filling machines and carton material for packaging non-carbonated liquid food products. The carton packaging market in the EEA is highly concentrated with one large supplier (Tetra Pak) and two smaller ones (SIG and Elopak) accounting for virtually 100 per cent of sales. The proposed transaction would combine the second and third largest suppliers, while Tetra Pak would remain the largest competitor. The in-depth investigation will enable the Commission to assess whether the reduction in the number of competitors in such a highly concentrated market would result in anti-competitive effects that harm consumers. A decision is expected to be adopted by 15 May 2007.