Transpacific Industries Group Ltd - acquisition of CBD Enviro Services
Type of assessment
Informal Review
Reference
30026
Acquirer(s)
Transpacific Industries Group Ltd
Target(s)
CBD Enviro Services
Industry
Solid waste collection and recycling
Summary
Transpacific acquired the business and assets of CBD Enviro Services.
Outcome of assessment
Not opposed
Total review days *
7
Commenced public review
23rd October 2007
Date completed
8th November 2007
Market definition
Supply of solid waste collection services and waste recycling services in the Sydney metropolitan area.
Competition analysis
On 8 November 2007, the ACCC announced its decision not to oppose the acquisition by Transpacific of CBD Enviro Services.
The ACCC considered the information provided by Transpacific and other information available to it. Based on that information, the ACCC considered that the acquisition of CBD Enviro Services was unlikely to remove a significant source of competitive constraint in the relevant markets. A key factor in reaching this view was the fact that (in relation to the relevant markets) there are a number of alternative competitive providers which will remain available to customers.
Review timeline
Date
Event
2nd October 2007
Transpacific acquired the business and assets of CBD Enviro Services.
23rd October 2007
ACCC commenced review under Merger Review Process Guidelines. Market inquiries commenced.
29th October 2007
ACCC requested further information from Transpacific. ACCC timeline suspended.
6th November 2007
ACCC received further information from TPI. ACCC timeline recommenced.
7th November 2007
Closing date for submissions from interested parties.
8th November 2007
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
