The competition watchdog, the Competition and Markets Authority (CMA), will conduct an in-depth investigation into Kingspan’s acquisition of rival foam sandwich panel supplier Building Solutions.
The move came after the CMA finished a phase one investigation into Kingspan’s deal to buy Building Solutions from SIG. Building Solutions sells a range of insulation and specialist construction products through a variety of businesses, including Steadmans, Trimform, Advanced Cladding and United Roofing Products. Meanwhile Kingspan already owns a number of UK businesses specialising in these products, including Joris Ide.
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