Kingspan Merger to Be Investigated Further

A FURTHER investigation of the proposed acquisition by Kingspan Holdings (Panels) Limited of Building Solutions (National) Limited owned by SIG Trading Ltd will now go ahead, the Competitions and Markets Authority (CMA) has confirmed.

The CMA launched the investigation in February 2020 and earlier this month found that the merger raised concerns, giving Kingspan five days to respond.

Less competition

CMA believes that the creation of the merger might lead to a substantial lessening of competition within the foam sandwich panels market. Sandwich panels are used for roofing and cladding projects.

The organisation says it will now form a group to conduct a further in-depth Phase 2 investigation and report on the merger by 5 October 2020.