Kingspan Holdings (Panels) Limited / Building Solutions (National) Limited merger inquiry

The CMA is investigating the anticipated acquisition by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited.

From:
Competition and Markets Authority
Published
6 February 2020
Last updated
21 May 2020 — See all updates
Case type:
Mergers
Case state:
Closed
Market sector:
Building and construction
Outcome:
Mergers - phase 2 cancellation
Opened:
6 February 2020
Closed:
21 May 2020

Phase 2

Referral date: 21 April 2020

Statutory deadline: 5 October 2020

Merger reference cancelled

21 May 2020: The CMA has cancelled its merger inquiry into the anticipated acquisition by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited.

Inquiry group appointed

23 April 2020: The CMA has appointed the inquiry group:

Kirstin Baker (Chair), Humphrey Battcock, Susan Hankey and Ulrike Hotopp

Terms of reference

21 April 2020: The CMA has referred the anticipated acquisition by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited for an in-depth investigation.

Phase 1

Statutory timetable

Phase 1 date Action
7 April 2020 Decision announced
11 February 2020 Launch of merger inquiry
6 February 2020 to 20 February 2020 Invitation to comment

Reference decision

21 April 2020: The CMA has referred the anticipated acquisition by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this merger constitutes a relevant merger situation that has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

Reference unless undertakings accepted

7 April 2020: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns.

Launch of merger inquiry

11 February 2020: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: now closed

6 February 2020: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

These comments should be provided by the deadline set out above.

Contact

Please send written representations about any competition issues to:

Adnan Farook

adnan.farook@cma.gov.uk

Please note that, due to the ongoing COVID-19 outbreak, the CMA’s offices across the UK are closed until further notice. We are no longer able to accept delivery of any documents or correspondence by post or courier to any of our offices.

Published 6 February 2020
Last updated 21 May 2020 + show all updates

  1. Notice of cancellation of merger reference published.

  2. Full text of phase 1 decision published.

  3. Inquiry group appointed published.

  4. Decision to refer to phase 2 and terms of reference published.

  5. Decision to refer unless undertakings accepted announced and summary of decision published.

  6. Launch of CMA merger inquiry

  7. First published.

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