Brickworks Ltd - acquisition of Smart State Blocks
Type of assessment
Informal Review
Reference
32510
Acquirer(s)
Brickworks Ltd
Target(s)
Smart State Blocks
Industry
Concrete masonry products
Summary
A Brickworks Ltd subsidiary, Austral Masonry Products (Qld) Pty Ltd, has acquired Smart State Blocks, a producer of concrete masonry blocks based on the Gold Coast, Queensland.
Outcome of assessment
Not opposed
Total review days *
14
Commenced public review
31st July 2008
Date completed
19th August 2008
Market definition
The ACCC considered the acquisition in the context of the South East Queensland market for the supply of concrete masonry products used in constructing walls.
Competition analysis
The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant market. In particular, the ACCC considered that the merged entity would be constrained by two large existing competitors and by potential new entrants in the market.
Review timeline
Date
Event
17th July 2008
Brickworks Limited announced the acquisition.
31st July 2008
ACCC commenced review under the Merger Review Process Guidelines.
14th August 2008
Closing date for submissions from interested parties.
19th August 2008
ACCC announced it would not intervene in the completed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
