Decision Nº M/07/043 from Competition and Consumer Protection Commission, 2007-09-06

Decision NumberM/07/043
PartiesGalway Metal Company Limited,Hegarty Metals Processors (International) Limited,One51 plc,A1 Metal Recycling Limited
StatusCleared (Phase 1)
Merger Notification No. M/07/043 - One51/Hegarty/A1/Galway Metal
DETERMINATION OF MERGER NOTIFICATION M/07/043 -
One51/Hegarty/A1/Galway Metal
Section 21 of the Competition Act 2002
Proposed acquisition by Cashford Limited of Hegarty Metals
Processors (International) Limited, A1 Metal Recycling Limited and
Galway Metal Company Limited
Dated 06/09/07
Introduction
1. On 10 August 2007 the Competition Authority (“the Authority”), in
accordance with section 18 (1)(a) of the Competition Act, 2002 (“the
Act”) was notified, o n a mandatory basis, of a proposed acquisition by
Cashford Limit ed (“Cashford”) of Hegar ty Metals Processors
(International) Limited (“Hegarty”), A1 Metal Recycling Limited (“A1”)
and Galway Metal Company Limited (“Galway” ).
The Undertakings Involved
The Acquirer
2. Cashford is a newly incorporated a new company for the purposes of
this transactio n and is a whol ly owned subsidiary of One Fifty One plc
(“One51”). Cashford will acquire the entire issued share capital of each
of the targets in paragraph 1 above.
3. One51 is a holding c ompany whose subsidiaries are engaged in a wide
range of activities both in the Republic of Ireland and overseas. The
principal activities of One51 in the State are list ed in Table 1.
Table 1:Activities of One51 in the State
Name of Subsidiary Activity
Cullen Environmental Services Recycling & Treatment of Hazardous Waste
Enplast Ltd Manufacturer of Poylproplene Sheeting
Irish Pride Bakeries Food Production & Distribution
Premier Proteins (2000) Ltd Rendering/Animal Waste
Protech Performance Plastics Ltd, Injection Moulding
Returnbatt Ltd. Recycling & Treatment of Batteries
Rilta Environmental Ltd. Recycling & Treatment of Hazardous Waste
Soils Environmental Services Ltd. Recycling & Treatment of Hazardous Waste
TechRec Ireland Ltd Electronic Rec ycling
Thormac Engineering Ltd. Plastic injection moulding
Renore Limited Joint Venture Vehicle for 50% owner of Greenor e
Port
NTR plc Investment vehicle for toll road.
Source: One51
4. One51 has subsidiaries in the UK which a re involved in scrap metal and
end of life vehicle recycling, respectively, t hese are:
Andrew & Mark Smith Metals Limited (“Smit hs”); and,

To continue reading

Request your trial