Canada:
Kingspan-Vicwest Merger Approved Through Consent Agreement
22 May 2015
Affleck Greene McMurtry LLP
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Kingspan, a global seller and manufacturer of building products,
has reached a consent agreement with the Competition Bureau
to sell a manufacturing facility in order to complete its
acquisition of business rival Vicwest. In response to the
Bureau's concern that the acquisition would likely
result in a substantial lessening of competition for the supply of
insulated metal panels in Ontario due to the elimination of
competition, the Vicwest Westeel agricultural division in
Hamilton will be sold to Ag Growth International following the
completion of the Kingspan-Vicwest merger.
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