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Culligan-Waterlogic deal could reduce supply of multifunctional water taps to companies, UK CMA says

( August 18, 2022, 10:31 GMT | Official Statement) -- MLex Summary: Osmosis Buyer Limited (Culligan)’s planned purchase of Firewall Holding's Waterlogic could reduce the supply of multifunctional taps to business customers in the UK, the Competition and Markets Authority has found following a phase I probe. Multifunctional taps provide chilled, hot or boiling water to businesses. The CMA said it is concerned that the deal would leave just three large suppliers of multifunctional taps to business customers in the UK, which could lead to higher prices or lower-quality service. Culligan and Waterlogic have five working days to offer concessions to address the CMA's concerns, or face an in-depth probe.Statement follows....

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