Decision Nº M/04/050 from Competition and Consumer Protection Commission, 2004-10-08
Jurisdiction | Ireland |
Court | Competition and Consumer Protection Commission (Ireland) |
Parties | Anglo American plc,Johnston Group plc |
Date | 08 October 2004 |
Submitted Date | 08 September 2004 |
Status | Preliminary investigation (Phase 1) |
Decision Date | 08 October 2004 |
Decision Number | M/04/050 |
1
Determination No. M/04/050 of the Competition Authority, dated
8 October 2004, under Section 21 of the Competition Act, 2002
Notification No. M/04/050 – The proposed acquisition by Anglo
American plc of Johnston Group plc
Introduction
1. On 8 September 2004 date the Competition Authority, in
accordance with Section 18 (1) of the Competition Act, 2002 (“the
Act”) was notified, on a mandatory basis, of a proposal whereby
Anglo American plc (“Anglo American”) would acquire control of
Johnston Group plc (“Johnston Group”) (“the proposed
acquisition”).
2. The Proposed acquisition is international and was also notified to
the UK, German, Austrian, Italian and Norwegian competition
authorities.
The Parties
3. Anglo American is a public company registered in the UK, with a
global presence. It has diversified operations in the mining and
natural resources industries, with subsidiaries and investments in
gold, platinum, diamonds, coal, metals, industrial minerals, and
paper & packaging products. A UK-based subsidiary of Anglo
American, Tarmac Ltd, already owns 24.9% of Johnston Group.
Tarmac Ltd manufactures and supplies a portfolio of “heavyside”
construction materials, including aggregates, asphalt, concrete and
concrete products, and cement.
4. Johnston Group is a public company registered in the UK, with two
main divisions. Its Engineering Division manufactures road
sweepers and litter collection vehicles, air hand dryers and
washroom equipment, and fire-fighting and rescue vehicles. Its
Construction Materials Division manufactures concrete products and
glass-reinforced plastic pipes (for use in drainage systems) and is
active in quarrying and manufacturing of aggregates and asphalt in
the West Midlands area of the UK.
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