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Carpenter Co. / Recticel NV/SA merger inquiry

Competition Markets Authority

July 18
09:29 2022

Phase 2

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.

Phase 1

Statutory timetable

Phase 1 date Action
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. The text of the decision will be published in due course.

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.

Launch of merger inquiry

5 May 2022: The CMA announced the launch of its merger inquiry by notice to the parties.

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.

Contact

Please send written representations about any competition issues to:

Rafia Saif
Principal Case Officer

Rafia.Saif@cma.gov.uk

Published 5 May 2022
Last updated 18 July 2022 +show all updates
  1. Reference decision announced and terms of reference published.

  2. Reference unless undertakings accepted announcement, including summary of phase 1 decision, published.

  3. First published.

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