Construction firm suppliers settle cartel investigation by CMA

Construction firm suppliers settle cartel investigation by CMA

The Competition and Markets Authority has issued a statement of objections in its investigation into suspected cartel activity in the supply of precast concrete drainage products to the construction industry in violation of the Chapter I prohibition and Article 101 TFEU.

The CMA's statement of objections is addressed to: Stanton Bonna Concrete Limited and its parent companies Bonna Sabla SA, Consolis Finance SAS; Consolis SAS, and Consolis Group SAS; CPM Group Limited; and FP McCann Limited.

Stanton Bonna Concrete Limited and CPM Group Limited have admitted their participation in a seven year cartel which started in 2006 and have agreed to pay fines which will be determined at the end of the CMA’s investigation.  FP McCann Limited is still under investigation and has not made any admissions.

The CMA maintains that throughout the period of the alleged cartel activity the participants were leading players and from 2010 accounted for 90% of the market.

The CMA will consider representations on the statement of objections before March 2019.