Sunday, July 21, 2024

CMA launches merger inquiry over Lincolnshire timber product manufacturer’s acquisition

The Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Scanpole Limited of Calders & Grandidge (Boston) Limited.

The CMA is considering whether the merger has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the deal will result in a substantial lessening of competition.

To assist with its assessment, the CMA is inviting comments on the transaction by 10 July 2024.

Based in Boston, Lincolnshire, Calders & Grandidge is a timber supplier specialising in the manufacture of wooden utility poles and fencing posts.

Finland-headquartered Scanpole is a leading producer of wooden poles in Europe.

The CMA launched its merger inquiry on 25 June 2024, with phase 1 of its investigation having a decision deadline of 20 August 2024.

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