CMA confirms investigation of food cans suppliers merger
The CMA has referred Sonoco Products Company바카라 사이트檚 completed acquisition of Weidenhammer Packaging Group GmbH for an in-depth phase 2 investigation.
On 13 January 2015 the Competition and Markets Authority (CMA) said that it would refer the merger for a full investigation unless the parties offered acceptable undertakings to address the CMA바카라 사이트檚 competition concerns regarding the production and supply of composite cans for food products in the UK.
Sonoco has offered undertakings intended to address the concerns identified. After careful consideration the CMA was not confident that these would resolve the concerns in a clear-cut manner (see note below). The CMA has therefore decided to refer the merger for an in-depth phase 2 investigation.
A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff.
All information relating to the investigation is available on the case page.
Note
In the context of the CMA바카라 사이트檚 decision on whether to accept undertakings in lieu of a reference, section 73(3) of the Enterprise Act states: 바카라 사이트�바카라 사이트he CMA shall, in particular, have regard to the need to achieve as comprehensive a solution as is reasonable and practicable to the substantial lessening of competition and any adverse effects resulting from it.바카라 사이트�
Mergers: Guidance on the CMA바카라 사이트檚 jurisdiction and procedure, paragraph 8.3, states that: 바카라 사이트渢he CMA must be confident that the competition concerns identified will be resolved by means of the UILs (undertakings in lieu) offered without the need for further investigation. UILs are therefore appropriate only where the competition concerns raised by the merger and the remedies proposed to address them are clear cut, and those remedies are effective and capable of ready implementation.바카라 사이트�