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Merger of ÍSAM ehf. and Eggert Kristjánsson ehf.

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  • Case number: 15/2016
  • Date: 1/6/2016
  • Company:
    • Eggert Kristjánsson hf.
    • ÍSAM ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority has examined the merger between ÍSAM ehf. and Eggert Kristjánsson ehf. ÍSAM is owned by Kristinn ehf., a privately owned holding company. ÍSAM is one of the leading wholesalers in Iceland, a large food producer and importer. Its product portfolio consists of food products, golf equipment, healthcare products and tobacco. ÍSAM‘s food processing is through it‘s subsidaries: ORA, Frón, Kexsmiðjan and Myllan. In addition it owns Fastus ehf., which is a wholesaler of devices and equipment for food production. After an investigation the Icelandic Competition Authority concludes that there is not a reason to believe that the merger will lead to a harmful concentration. Consequently there is no reason to intervene in this merger on the basis of Article 17 of the Icelandic Competition Act.