Hexion Specialty Chemicals Pty Ltd - proposed acquisition of Orica Australia Limited's formaldehyde resins business
Type of assessment
Informal Review
Reference
23579
Acquirer(s)
Hexion Specialty Chemicals Pty Ltd
Target(s)
Orica Australia Pty Ltd
Industry
Chemicals
Outcome of assessment
Not opposed
Total review days *
62
Commenced public review
1st September 2006
Date completed
6th December 2006
Market definition
For detailed market definition refer to Public Competition Assessment below.
Competition analysis
For detailed competition analysis refer to Public Competition Assessment below.
Public competition assessment
Public Competition Assessments 10th January 2007 D07+3024.pdf (86.7 KB)
Statement of issues
ACCC Statement of Issues 1st November 2006 D06+75563.pdf (102.1 KB)
Review timeline
Date
Event
1st September 2006
ACCC commences review under the Merger Review Process Guidelines. Market inquiries commence
15th September 2006
Closing date for submissions from interested parties.
6th October 2006
Having regard to the submissions received, the proposed date for ACCC findings has been revised from 13 October to 18 October.
10th October 2006
Proposed announcement delayed until 25 October (delay requested by Hexion to allow for provision of additional information).
18th October 2006
Proposed announcement delayed to allow for further inquiries.
1st November 2006
ACCC published a Statement of Issues outlining preliminary competition concerns. Proposed date for announcement of ACCC findings delayed to allow for market consultation on the ACCC's Statement of Issues.
15th November 2006
Closing date for submissions from interested parties
6th December 2006
ACCC decided not to oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
