Dow Chemical Company - proposed acquisition of Rohm and Haas Company
Type of assessment
Informal Review
Reference
36647
Acquirer(s)
Dow Chemical Company
Target(s)
Rohm and Haas Company
Industry
Chemicals
Outcome of assessment
Not opposed
Total review days *
13
Commenced public review
9th March 2009
Date completed
26th March 2009
Market definition
While the ACCC did not consider it necessary to reach a definitive view on market definition in this matter, the ACCC considered the transaction in the context of national markets for the supply of (i) ion exchange resins; (ii) acrylic latex polymers; and (iii) biocides.
Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets.
In reaching this conclusion the ACCC noted that the proposed transaction was unlikely to lead to a significant change in market concentration in the markets for acrylic latex polymers or biocides.
In relation to the market for ion exchange resins, the ACCC considered that the local presence of importers representing overseas manufacturers, such as Purolite and Lanxess, as well as the threat of entry and expansion by importers, would continue to provide effective competitive constraints on the merged firm.
Review timeline
Date
Event
9th March 2009
ACCC commenced review under the Merger Review Process Guidelines.
19th March 2009
Closing date for submissions from interested parties.
26th March 2009
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.
