OneSteel Ltd - completed acquisition of Independent Steel Warehouse
Type of assessment
Informal Review
Reference
35463
Acquirer(s)
OneSteel Ltd
Target(s)
Independent Steel Warehouse
Industry
Steel products and fabrication services
Summary
OneSteel Ltd acquired Independent Steel Warehouse in November 2008. Independent Steel Warehouse was a retail supplier of long and flat steel based in Mackay, Queensland.
Outcome of assessment
Not opposed
Total review days *
61
Commenced public review
12th November 2008
Date completed
11th February 2009
Market definition
The markets for long and flat steel distribution were considered.
Competition analysis
The ACCC found that OneSteel Ltd faces sufficient competitive constraint post acquisition as there are a number of other retail steel suppliers in the Mackay region and greater Queensland.
Review timeline
Date
Event
12th November 2008
OneSteel notified the ACCC that it had acquired Independent Steel Warehouse.
12th November 2008
ACCC commenced its review of the acquisition.
11th February 2009
ACCC announced it would not oppose the completed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
