UK Watchdog opens investigation into technical foam deal

By Nadia Dreid (May 5, 2022, 9:46 p.m. EDT) — Engineering foam maker Recticel SA has once again come to the attention of a competition official, this time in the UK, for a fee of 656 million euros ($691 million) plans to sell its technical foam business to US-based Carpenter Co.

The Competition and Markets Authority revealed on Thursday that it had launched its preliminary investigation, known as the phase 1 investigation, into the merger between the two companies to determine whether the agreement would be bad for the company. competetion.

As always with such investigations, the CMA is asking whether the acquisition would result in a “substantial lessening of competition” in the UK…

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