Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sat April 21 2018

Related Information
Related Information
Related Information
Related Information

News » UK » Asphalt acquisition investigated » published 1 Jul 2016

Asphalt acquisition investigated

The Competition & Markets Authority (CMA) is considering an intervention in the proposed acquisition of Pure Asphalt Company by IKO.

IKO agreed terms with the shareholders of Pure Asphalt Company in April and had anticipated completing the deal by the end of July 2016. The CMA is now investigating the potential impact on competition in the industry

Wigan-based IKO makes roofing and waterproofing materials; Pure Asphalt, based nearby in Bolton, is one of the leading mastic asphalt manufacturers in the UK, supplying products for roofing, flooring, paving and tanking.

The CMA invites comments on the transaction from any interested party to carole.bowley@cma.gsi.gov.uk. Deadline for comments is 14th July 2016 and the expected decision date is 25th August 2016.




Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 1 Jul 2016 (last updated on 1 Jul 2016).

More News Channels