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Proposed laundry sale investigation

The State’s competition regulator is to carry out a detailed “phase two” investigation of the proposed takeover of Kings Laundry, a major supplier of linen to Irish hotels, by French-listed group Elis, which operates in the market here via its Berensden operation.
The Competition and Consumer Protection Commission (CCPC) announced  that it will accept submissions on the proposed deal until 29th January.

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 It decided to pursue a detailed investigation after carrying out a preliminary examination of the transaction, which would see the French-owned company take full control of the Kings Laundry operation, which has a staff of between 450 and 550, depending on the season.
Robert McGovern, the founder of Kings Laundry, would continue to run the business under French ownership, if the transaction goes through.
After its phase two investigation, the CCPC could opt to block the deal, clear it, or clear it with conditions, known as competition remedies.
 
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