Rheem Australia Pty Ltd - proposed acquisition of Aqua-Max Pty Ltd

Type of assessment

Informal Review

Reference

33308

Acquirer(s)

Rheem Australia Pty Ltd

Target(s)

Aqua-Max Pty Ltd

Industry

Water Heaters

Summary

Rheem proposed to acquire the water heaters business Aqua-Max Pty Ltd from Sietel Ltd.

Outcome of assessment

Not opposed

Total review days *

Commenced public review

23^rd February 2009

Date completed

23^rd June 2009

Market definition

Please refer to Public Competition Assessment.

Competition analysis

Please refer to Public Competition Assessment.

Public competition assessment

Statement of issues

Related media releases

ACCC not to oppose the proposed acquisition of Aqua-Max by Rheem Australia
The ACCC will not oppose the proposed acquisition of the Aqua-Max water heater business from Siet...
Issued: 23^rd June 2009 Release # NR 144/09

Review timeline

Date	Event
23^rd February 2009	ACCC commenced review under the Merger Review Process Guidelines.
6^th March 2009	Closing date for submissions from interested parties.
20^th March 2009	ACCC timeline suspended pending receipt of further information from the merger parties.
3^rd April 2009	ACCC received further information from the merger parties, ACCC timeline recommenced.
22^nd April 2009	ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC findings of 1 May 2009, amended to allow for the release of the Statement of Issues.
13^th May 2009	Closing date for submissions relating to Statement of Issues.
19^th May 2009	ACCC timeline suspended pending receipt of further information from the merger parties.
12^th June 2009	ACCC received further information from the merger parties. ACCC timeline recommenced.
23^rd June 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.

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