GovWire

Carpenter Co. / Recticel NV/SA merger inquiry

Competition Markets Authority

January 26
10:57 2023

Phase 2

Administrative timetable

Date of Reference: 18 July 2022

Statutory deadline: 22 January 2023

Contact

carpenter.recticel@cma.gov.uk

Final undertakings

26 January 2023: The CMA has accepted final undertakings to remedy the substantial lessening of competition identified in the final report.

Notice of proposal to accept final undertakings

21 December 2022: The CMA gives notice of the proposal to accept final undertakings and is inviting comments by 5pm on 4 January 2023.

Final report

16 November 2022: The CMA has published its final report.

Responses to notice of possible remedies

The responses to the CMAs notice of possible remedies are below.

Responses to provisional findings

The responses to the CMAs provisional findings are below.

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 J

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