CMA clears acquisition of Arran Isle by ASSA ABLOY

The Competition and Markets Authority (CMA) has investigated and cleared the anticipated acquisition of Arran Isle by ASSA ABLOY.

The agreement to sell Arran Isle was made in September 2021 and the deal was expected to complete by the end of the year but in February 2022 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.

NEWS CATEGORIES

LATEST NEWS

Government to announce reforms to flood funding and investment to protect farming communities

The government is bolstering England’s resilience to flooding through additional financial support to farmers and rural communities, as well as refreshing its approach to...

Bathing water reforms to consider water sports and water quality as Defra invites views on modernising bathing water regulations

In a consultation launched this week, Defra and the Welsh Government are inviting the public, community groups, environmental groups, farmers, businesses and local authorities to...

Wessex Water fined £500,000 for sewage killing thousands of fish

Wessex Water has been found negligent after sewage leaks killed thousands of fish - with the company failing to report incidents to the Environment...

Celebrating innovation at the 25th VIBES Scottish Environment Business Awards

The VIBES Scottish Environment Business Awards recognised the innovative and sustainable practices of businesses at its 25th anniversary event, held this week. Led by the...