A planned deal that would have involved Kingspan buying rival foam sandwich panel supplier Building Solutions, part of SIG, has been terminated.
The proposed deal was already subject to a phase 2 investigation by the competition watchdog the Competition and Markets Authority (CMA), which hadn’t been expected to complete until October this year.
In an announcement to investors, SIG said that the amount of time the probe would take meant that the sale and purchase agreement, which expires on 7 July, would have to be extended.
Register for free or sign in to continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
