Drum Makers Pty Ltd, a subsidiary of Visy Steel Products Pty Ltd - proposed acquisition of Greif Australia Pty Limited
Type of assessment
Informal Review
Reference
25174
Acquirer(s)
Drum Makers Pty Ltd
Target(s)
Greif Australia Pty Limited
Industry
Packaging
Summary
Drum Makers Pty Ltd - a wholly owned subsidiary of Visy Steel Products Pty Limited - proposed to acquire the rigid industrial packaging business of Greif Australia Pty Ltd.
Outcome of assessment
Withdrawn
Total review days *
22
Commenced public review
21st March 2007
Date completed
18th May 2007
Competition analysis
Drum Makers withdrew its request for informal merger clearance prior to the annoucement of the ACCC's findings.
Statement of issues
Statement of Issues 19th April 2007 D07+33730.pdf (378.8 KB)
Review timeline
Date
Event
21st March 2007
Drum Makers advised the ACCC of the public announcement of the proposed acquisition. ACCC commenced review under the Merger Review Process Guidelines. Market inquires commenced.
27th March 2007
Timeline suspended pending receipt of information requested from Drum Makers.
2nd April 2007
Closing date for submissions from interested parties.
2nd April 2007
ACCC received further information from Drum Makers. ACCC's indicative timeline recommenced.
5th April 2007
Timeline suspended pending receipt of further information from Drum Makers.
13th April 2007
Further information received from Drum Makers. ACCC's indicative timeline recommenced.
19th April 2007
ACCC publishes Statement of Issues.
2nd May 2007
Closing date for submission on Statement of Issues.
4th May 2007
ACCC requested further information from the parties. ACCC timeline suspended.
15th May 2007
Drum Makers provided partial response to information request dated 4 May 2007.
17th May 2007
Former proposed date for announcement of ACCC's findings amended to allow for parties' responses to ACCC's request of 4 May 2007 and the ACCC's Statement of Issues.
18th May 2007
Drum Makers withdrew its request for informal merger clearance prior to the announcement of the ACCC's findings. The ACCC terminated its review.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
