The Commission's initial investigation revealed that Kingspan and Trimo compete head-to-head in the sale of mineral fibre sandwich panels in a number of countries in Europe, as it was informed on the site of European Commission.
At this stage, the Commission is concerned that the proposed transaction could significantly reduce competition for mineral fibre sandwich panels in Czechia, Denmark, France, Hungary, Slovakia, Slovenia and the UK.
The proposed transaction was referred to the Commission on 23 October 2020 and notified on 3 March 2021. The Commission now has 90 working days, until 20 August 2021, to take a decision. The opening of an in-depth investigation does not prejudge the outcome of the investigation.
Kingspan, based in Ireland, is a manufacturer of insulating panels, light & air solutions, water and energy, and data and flooring technology.
Trimo, based in Slovenia, is active mainly in the manufacture of mineral fibre sandwich panels.
