24 June 2016
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The Competition and Markets Authority (CMA) gave Beijer Ref the go-ahead to continue restructuring the air conditioning and refrigeration wholesaler HRP.
Beijer Ref bought the struggling HRP outright in February 2016, having made the announcement in November 2015.
Beijer Ref began a program to bring the company back to profitability. The CMA put Beijer Ref's plans on hold earlier this year amid concerns that buying HRP would be anti-competitive for the air conditioning and refrigeration market.
Beijer Ref bought the struggling HRP outright in February 2016, having made the announcement in November 2015.
Beijer Ref began a program to bring the company back to profitability. The CMA put Beijer Ref's plans on hold earlier this year amid concerns that buying HRP would be anti-competitive for the air conditioning and refrigeration market.
n January, Beijer Ref UK & Ireland MD, John Billson, was confident that the CMA would clear them to continue getting HRP into shape and that the authority would find no reasons for concern.
John commented on the CMA decision today:
John commented on the CMA decision today:
"We were highly confident that the acquisition of HRP would not reduce competition and are satisfied that the CMA has recognised this. My team and I can now get on and develop the HRP, 3D and HRP OEM brands".
He continued:
"I would like to take this opportunity to thank our suppliers, customers and employees for their understanding and support during this proces
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