Courtenay Polymers Pty Limited (trading as ICO Polymers) - proposed acquisition of MicroPellets Australia
Type of assessment
Informal Review
Reference
37761
Acquirer(s)
Courtenay Polymers Pty Limited (trading as ICO Polymers Australia)
Target(s)
MicroPellets Australia
Industry
Linear low density polyethylene powder
Summary
Courtenay Polymers Pty Limited, trading as ICO Polymers, proposed to acquire the assets of MicroPellets Australia.
Outcome of assessment
Not opposed
Total review days *
10
Commenced public review
6th July 2009
Date completed
17th July 2009
Market definition
The ACCC considered the competitive effects of the proposed acquisition in the context of the national market for the supply of linear low density polyethylene (LLDPE) powder.
Competition analysis
The ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. Factors informing this conclusion included:
- the presence of a number of competing domestic LLDPE powder suppliers; and
- the availability of competitively priced imported LLDPE powder.
Review timeline
Date
Event
6th July 2009
ACCC commenced review under the Merger Review Process Guidelines.
15th July 2009
Closing date for submissions from interested parties.
17th July 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.
