Pact Group Pty Ltd - proposed acquisition of Brickwood Holdings Pty Ltd
Type of assessment
Informal Review
Reference
29131
Acquirer(s)
Pact Group Pty Ltd
Target(s)
Brickwood Holdings Pty Ltd
Industry
Packaging
Summary
Pact Group proposed to acquire the packaging business of Brickwood Holdings Pty Ltd, Logan Moulders Pty Ltd, Full View Plastics Pty Ltd and the units in the Full View Plastics Unit Trust (together Brickwood plastic business).
Outcome of assessment
Opposed
Total review days *
29
Commenced public review
31st July 2007
Date completed
31st October 2007
Market definition
Please refer to detailed Public Competition Assessment below.
Competition analysis
Please refer to detailed Public Competition Assessment below.
Public competition assessment
Public Competition Assessment 13th November 2007 D07+105669.pdf (101.9 KB)
Statement of issues
Statement of Issues 13th September 2007 D07+87940.pdf (99.0 KB)
The Australian Competition and Consumer Commission will oppose Pact Group's proposed acquisition ...
Issued: 31st October 2007 Release # MR 299/07
Review timeline
Date
Event
31st July 2007
Pact Group advised ACCC of the proposed acquisition. ACCC commenced review under the Merger Review Process Guidelines.
2nd August 2007
Market inquiries commence.
7th August 2007
ACCC requested further information from Pact Group. ACCC timeline suspended.
14th August 2007
ACCC received further information from Pact Group. ACCC timeline recommenced.
20th August 2007
Closing date for submissions from interested parties.
21st August 2007
ACCC requested further information from Pact Group. ACCC timeline suspended.
10th September 2007
ACCC received further information from Pact Group. ACCC timeline recommenced.
13th September 2007
ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date of 19 September 2007 for announcement of ACCC's findings amended to 19 October 2007 to allow for consultation on Statement of Issues.
20th September 2007
ACCC requested further information from Pact Group and Brickwood. ACCC timeline suspended.
26th September 2007
Closing date for submissions relating to Statement of Issues.
27th September 2007
ACCC received partial response to information request dated 20 September 2007.
4th October 2007
Former proposed date of 19 October 2007 for announcement of ACCC's findings amended to 26 October 2007 to allow for consideration of further information received.
12th October 2007
ACCC received final response to information request dated 20 September 2007. ACCC timeline recommenced.
19th October 2007
Former proposed date of 26 October 2007 for announcement of ACCC's findings amended to 31 October 2007 to allow for Pact Group to provide further information. Revised ACCC indicative decision date to be identified as soon as possible following receipt of Pact Group's further submission.
23rd October 2007
ACCC received further information from Pact Group. ACCC timeline recommenced.
31st October 2007
ACCC announced its decision to oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
