EU launches probe into Kingspan acquisition

EU antitrust regulators have opened a full-scale investigation into Kingspan’s proposed acquisition of Slovenian rival Trimo, concerned the deal may reduce competition and push up prices

European Commissioner for Competition, Margrethe Vestager: 'Together, Kingspan and Trimo would be by far the largest player in Europe and the main supplier of high-quality mineral fibre sandwich panels.'

EU antitrust regulators have opened a full-scale investigation into insulation maker Kingspan’s proposed acquisition of Slovenian rival Trimo, concerned the deal may reduce competition and push up prices.

The European Commission said the deal, announced in August last year, could significantly reduce competition for mineral fibre sandwich panels in the Czech Republic, Denmark, France, Hungary, Slovakia, Slovenia and the UK, as both companies are direct rivals.