Purchase of Formar Ltd by Samhentra Packaging Ltd

The merger document states that Samhentir Kassagerð hf. is a service company offering complete solutions in packaging and other consumables. The company operates in the packaging market and related services, importing and selling packaging, consumables and packaging machinery for the fishing industry, industrial manufacturers, wholesalers and resellers. Formar ehf.'s operations consist of the production and marketing of packaging made from polystyrene foam (e.g. expanded polystyrene (EPS)) for the transport of seafood on the one hand, and polystyrene (EPS) insulation on the other. In summary, the Competition Authority's conclusion is that there are no grounds for intervention regarding the merger.