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The Competition and Markets Authority has cleared the takeover of window dressings and carpet company Hillarys by global furnishings conglomerate Hunter Douglas.

 

Britain's antitrust regulator said today it had decided not to refer the merger to a Phase 2 investigation, which could have potentially led to a forced sale of the business or selected assets.


Back in July, the CMA said it was launching an after-the-event investigation into the £300 million takeover, two months after Hunter Douglas had first announced the deal to buy the circa £185 million turnover Hillarys group.


The regulator's investigation placed a moratorium over any plans that may have been in place integrate Hillarys with its new Dutch-headquartered owner. These plans may now go ahead.


Hunter Douglas has a vast global business spanning 130 window dressings and architectural products companies with its existing UK businesses including Luxaflex UK, Amo, Faber Blinds UK, Thomas Sanderson, Eclipse Blinds and Hunter Douglas (Sunflex).

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