CSG Chemical Solutions plans to acquire Cork-based Celtic Water Care Solutions in a multi-million euro deal. The Competition and Consumer Protection Commission decided a Phase 2 in-depth investigation is needed after a preliminary examination. The probe will determine whether the transaction would result in a substantial lessening of competition in the State. Celtic Water Care Solutions employs 14 people and provides wastewater and effluent treatment chemicals to private sector customers across Ireland. It reported €19m revenue and €2.1m profit after tax in 2024. CSG employs about 100 people, operates a chemical tanker fleet, and reported €58.2m revenue and €10.7m profit after tax in 2024. The CCPC confirmed notification on January 6 and will proceed under competition law requirements.
"Following a preliminary examination, the Competition and Consumer Protection Commission (CCPC) has decided an in-depth investigation is needed to establish whether the proposed transaction will result in a substantial lessening of competition in the State,"
"Celtic Water Care Solutions, which employs 14 people, is a wastewater and effluent treatment chemicals specialist serving private sector customers across Ireland. It made a €2.1m profit after tax in 2024 on revenue of €19m."
"CSG Chemical Solutions announced in January that it intended to buy Cork-based Celtic Water Care Solutions in a move it said would help it with its target of achieving annual revenues of €150m by 2030."
"The CCPC confirmed that it had been notified of the proposed deal on January 6 and will now start a Phase 2 investigation. Under competition law, the CCPC must assess certain mergers"
#competition-law #mergers-and-acquisitions #chemical-solutions #water-treatment #regulatory-investigation
Read at Irish Independent
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