The Irish Competition Authority blocks merger in the building materials sector (Kingspan / Xtratherm)

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Reference

Irish Competition Authority, Kingspan / Xtratherm, Determination of Merger Notification M/06/039, 25 November 2006

Introduction On 25 October 2006, the Irish Competition Authority announced its decision to block the proposed Euro87 million acquisition of Leanort Group by Kingspan Group plc on the grounds that the proposed transaction would substantially lessen competition in the manufacture and provision of insulation materials in Ireland. This is the second time since the coming into effect of the new provisions on merger control in 2003 that the Authority has blocked a merger. Background On 26 June 2006, Kingspan Group plc (“Kingspan”) notified the Competition Authority of its intention to acquire the entire issued share capital and sole control of the Leanort Group (“Leanort”) which trades under the names

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Catriona Hatton, Satu-Anneli Kauranen, The Irish Competition Authority blocks merger in the building materials sector (Kingspan / Xtratherm), 25 octobre 2006, e-Competitions October 2006, Art. N° 12736

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