CMA investigate acquisition of Arran Isle by ASSA ABLOY

The Competition and Markets Authority (CMA) is to investigate the proposed acquisition of Arran Isle by ASSA ABLOY.

The agreement to sell Arran Isle was made in September and the deal was expected to complete by the end of 2021 but on 14 February the CMA announced the launch of its merger inquiry.

Arran Isle has a large portfolio of companies within the architectural and fenestration markets, including Carlisle Brass, Eurolite, Locks & Hardware and Mila.

Arran Isle had already divested its US operations to Patrick Industries in late 2018.

The CMA generally investigate when there is a view that a merger will result in a substantial lessening of competition within any market for goods or services.

NEWS CATEGORIES

LATEST NEWS

Two new Water (Special Measures) Act measures come into force this week

Two new legal requirements have come into force this week as part of the Water (Special Measures) Act, which received Royal Assent earlier this...

Dŵr Cymru Welsh Water sentenced for polluting protected environment

Following a successful prosecution brought by Natural Resources Wales (NRW), Dŵr Cymru Welsh Water has been fined £90,000 for recurring pollution incidents on the...

Ipsum acquires plumbing, pump repair and drainage specialists, Aquaflow Drainage Services Ltd

Specialist engineering services provider, Ipsum, has announced its acquisition of London based plumbing, pump repair and drainage specialists, Aquaflow Drainage Services Ltd. Ipsum said the...

Calling time on Chesil Beach discharges

A £1 million project to help safeguard one of Dorset’s most iconic landmarks has been completed. The 12-week scheme, which will prevent diluted untreated wastewater...