The Competition and Consumer Protection Commission is to carry out an investigation into the proposed acquisition of Kings Laundry, a major supplier of linen to hotels, by Berendsen Ireland.

Following a preliminary investigation, the CCPC has determined that a full investigation is required to establish if the proposed transaction could lead to a substantial lessening of competition in any market for goods or services in the State. 

The CCPC said it will publish the reasons for its determination on its website no later than 60 working days after the date of its determination.