FCCA opens in-depth investigation into the proposed acquisition of Jackon Holding by Bewi

The Finnish Competition and Consumer Authority (FCCA) will initiate further proceedings regarding the proposed merger in which BEWI ASA would acquire Jackon Holding AS.

Bewi and Jackon are Norwegian, internationally operating industrial groups of companies that manufacture and sell insulation, packaging and component products mainly made of EPS, XPS and EPP materials. The operations of the parties cover the entire production chain from the manufacture and sale of raw materials to the manufacture and sale of finished products.

Based on the FCCA’s initial investigation, the merger may have adverse competition effects on the Finnish EPS insulation market. The combined market shares of the parties will become significant, in particular in the market for EPS thermal insulation and frost insulation.

The FCCA considers it important to continue investigating the competition effects of the merger. The further proceedings will examine whether the merger may significantly impede effective competition in the Finnish market or a substantial part thereof. As a result, FCCA may approve the merger as such, approve it conditionally, or propose that the Market Court prohibit the deal. The further proceedings may take a maximum of 69 working days. The Market Court may extend the deadline for the further proceedings by at most 46 working days.

The transaction has also been notified to the Swedish and Norwegian competition authorities, who have both opened an in-depth investigation into the matter.

The FCCA’s decision contains confidential business secrets of the parties. The decision cannot therefore be made public until after the business secrets have been removed.

Further information:

Head of Research Juuli Broms, tel. +358 29 505 3709
Specialist Aino Jankari, tel. +358 29 505 3032