M/22/038 – Glenveagh / Harmony Timber and GMP
Transaction details
The proposed acquisition by Glenveagh Properties plc of sole control of Harmony Timber Solutions Limited and GMP Developments Limited has been cleared by the Competition and Consumer Protection Commission
| Notification date | Decision date |
|---|---|
| Wednesday August 3, 2022 | Monday, August 22, 2022 |
| Parties Involved | Business activities |
|---|---|
| Glenveagh Properties plc | Glenveagh Properties plc is an Irish homebuilder listed on Euronext Dublin and the London Stock Exchange. Glenveagh Properties plc is active in the development and supply of residential property which it delivers across three business segments, namely, Suburban, Urban and Partnerships. The Suburban segment consists primarily of the development of housing with some low-rise apartments, whereas the Urban segment consists of the development of apartments to be delivered primarily to institutions. The Partnerships segment typically involve Glenveagh partnering with the Government, local authorities or state agencies. |
| Harmony Timber Solutions Limited | Harmony Timber Solutions Limited is based in County Wicklow. Harmony Timber Solutions Limited supplies structural timber products to the construction industry, which consist of timber frame units, roof trusses and open metal web joists to developers, self-builders, and specialist builders for building or development projects. |
| GMP Developments Limited | GMP Developments Limited owns an undeveloped site that adjoins Harmony Timber Solutions Limited’s property. GMP has no other activities in the State. |
| Economic sector | Media merger |
|---|---|
| Construction | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, August 18, 2022 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Tommy Burke | Tel: (+353)1 402 5503 E-mail: tommyburke@ccpc.ie |
Media enquiries: communications@ccpc.ie
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Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555