GovWire

Carpenter Co. / Recticel NV/SA merger inquiry

Competition Markets Authority

September 28
12:02 2022

Phase 2

Administrative timetable

Date of Reference: 18 July 2022

Statutory deadline: 22 January 2023

Contact

Carpenter.Recticel@cma.gov.uk

Provisional findings

28 September 2022: The CMA has provisionally found competition concerns as part of its in-depth investigation of the anticipated acquisition by Carpenter Co. of the engineered foams business of Recticel NV/SA.

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.

Notice of extension to statutory period

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.

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.

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.

Published 5 May 2022
Last updated 28 September 2022 +show all updates

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: