Commission approves acquisition of TerraSteel-Wetterbest by Kingspan
The European Commission has approved, under the EU Merger Regulation, the acquisition ofSeveral subsidiaries of TeraPlast SA of Romania (TeraSteel SA of Romania, TeraSteel d.o.o. Leskovac of Serbia, TeraSteel Slovakia s.r.o. of Slovakia, and Wetterbest SA of Romania)
byKingspan Holding Netherlands B.V. of the Netherlands, a company ultimately controlled by Kingspan Group plc (‘Kingspan') of Ireland.
The TeraPlast companies supply building materials, in particular insulated panels with a foam core. TeraSteel-Wetterbest is a regional player in the EEA while Kingspan operates worldwide.
An initial investigation by the Commission indicated that Kingspan had very large market share in countries not affected by