Competition Markets Authority
Phase 2
Administrative timetable
Date of Reference: 18 July 2022
Statutory deadline: 22 January 2023
- (5.9.22)
Contact
Issues statement
26 August 2022: The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions. The deadline for submissions on the issues statement is 5pm on Friday 9 September 2022.
- (26.8.22)
Notice of extension to statutory period
- (26.8.22)
Inquiry group appointed
10 August 2022: The CMA has appointed the inquiry group.
Kip Meek (Chair), Ulrike Hotopp, Paul Hughes and Karthik Subramanya.
Terms of reference
18 July 2022: The CMA has referred the anticipated acquisition by Carpenter Co. of the engineered foams business of Recticel NV/SA for an in-depth investigation.
- (18.7.22)
Phase 1
Statutory timetable
Phase 1 date | Action |
---|---|
5 August 2022 | Phase 1 decision published |
4 July 2022 | Decision announced |
5 May 2022 | Launch of merger inquiry |
5 May 2022 to 19 May 2022 | Invitation to comment |
Reference decision
18 July 2022: The CMA has referred the anticipated acquisition by Carpenter Co. of the engineered foams business of Recticel NV/SA 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 has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
- (5.8.22)
Reference unless undertakings accepted
4 July 2022: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger 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 an in-depth investigation unless the parties offer acceptable undertakings to address these competition concerns. The full text of the CMA decision will be published in due course.
- (5.8.22)
- (4.7.22)
- News story: Foam merger raises competition concerns (4.7.22)
Launch of merger inquiry
5 May 2022: The CMA announced the launch of its merger inquiry by notice to the parties.
- (5.5.22)
Invitation to comment: closed
5 May 2022: 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.