THE COMPETITION and Markets Authority (CMA) is to scrutinise the takeover of window dressings and floorcoverings company Hillarys, delaying integration with its new owner.

The CMA announced it has served an initial enforcement order on Hunter Douglas, whose circa £300 million acquisition of Nottingham based Hillarys from private equity firm Ares Capital was announced in May.

The order, served under section 72(2) of the Enterprise Act 2002, places a moratorium over any plans that may have been in place integrate Hillarys with its new Dutch-headquartered owner, pending the outcome of its inquiry.

The CMA has called for written representations regarding the deal, but hasn't yet outlined a timeframe for its investigation to run.

Hunter Douglas' existing UK businesses prior to buying the £183 million turnover Hillarys business include Luxaflex UK, Amo, Faber Blinds UK, Thomas Sanderson, Eclipse Blinds and Hunter Douglas (Sunflex).

To read the full story: