{"id":44,"date":"2016-08-12T15:14:22","date_gmt":"2016-08-12T14:14:22","guid":{"rendered":"http:\/\/www.competitionlawyers.co.uk\/blog\/?p=44"},"modified":"2016-12-15T15:57:28","modified_gmt":"2016-12-15T15:57:28","slug":"anticipated-acquisition-by-breedon-aggregates-limited","status":"publish","type":"post","link":"https:\/\/www.competitionlawyers.co.uk\/blog\/anticipated-acquisition-by-breedon-aggregates-limited","title":{"rendered":"Anticipated Acquisition by Breedon Aggregates Limited"},"content":{"rendered":"

Breedon Aggregates Limited agreed to acquire Hope Construction Materials Limited, creating a merger of the companies. The two companies both supply aggregates which are used as base materials in the construction of roads, buildings and infrastructures. They also supply ready mixed concrete. Breedon Aggregates Limited is a producer of asphalt, and Hope Construction Materials Limited is a producer of cement.<\/p>\n

In November 2015, Breedon Aggregates Limited and Hope Construction Materials Limited signed a sale and purchase agreement for Breedon Aggregates Limited to acquire complete share capital of Hope Construction Limited.<\/p>\n

Off the back of this, the Competition and Market Authority (CMA) had to investigate if this could affect completion in their market.
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Competitive assessment<\/h2>\n

The CMA looked in to whether the merger was realistically likely to create substantial lessening of competition within the market, and in the supply of the different materials to the local areas that both companies supplied to as a result of the merging of the two companies, which would cause a loss of existing competition.<\/p>\n

In an industry like this, the affect of bad competition could be substantial – especially for public organisations needs for their services for mass transit systems who can be known to be less frugal when it comes to getting the best deal!<\/p>\n

The Competition and Market Authority found that;<\/p>\n