Manufacturer to close sites for watchdog to approve acquisition
A ventilation manufacturer has been ordered to close two sites in order for the Competition and Markets Authority (CMA) to approve an acquisition.
Northampton-headquartered Lindab UK will have to shut sites in Nottingham and Stoke-on-Trent, as its acquisition of Wombourne-based HAS-Vent Holdings could lead to reduced choice and higher prices.
Having carried out a Phase 2 merger inquiry, the CMA said competition for ventilation products occurs locally and has ordered Lindab to sell one site in each impacted area.
Lindab will h... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
