The Competition Commission has unconditionally approved Saint-Gobain’s proposed acquisition of Chryso Group.
Saint-Gobain is an international group active in construction and operates through four business sectors, namely innovative materials,construction products (including mortars),building materials distributionand glass.
It designs, produces and distributes materials and solutions such as building glass, gypsum, ceilings, insulation, mortars and building chemicals, as well as pipe and exterior products that are used in a range of sectors, including the buildings transport, infrastructure and industrial sectors.
The Chryso Group is a speciality chemicals company, active in the design, production, marketing and distribution of chemical solutions used in the construction sector.
The commission found that the proposed transaction is unlikely to result in a substantial prevention or lessening of competition in any relevant markets.
It further found that the proposed transaction does not raise any substantial public-interest concerns.