The CCPC has cleared the way for Thorntons Recycling to take over the City Bin Co, after investigating the acquisition since last December.
The City Bin Co. is a waste disposal company operating in Galway and Dublin, which serves thousands of homes and employs approximately 200 people.
Thorntons and City Bin Co. agreed on a takeover deal in July of last year, and the matter was later referred to the Competition and Consumer Protection Commission.
Following an initial investigation last December, the CCPC determined that a full investigation was required to establish if the acquisition would lead to a substantial lessening of competition in the State.
Some concerns were identified that households in areas served by both companies could see increased prices and diminished quality of domestic waste collection services as a result.
The CCPC has now given the green light for the takeover deal, subject to a commitment to divest those customers in areas served by both companies.
The purchaser of those contracts for waste collection services will be subject to the CCPC’s approval.
