Acquirer(s)
- OneSteel Reinforcing Pty Ltd
Target(s)
- Marner Steel and Mesh
Summary
OneSteel Reinforcing Pty Ltd located in Adelaide proposes to acquire Marner Steel and Mesh also based in Adelaide.Market definition
The South Australian market for steel reinforcing bar and meshCompetition analysis
Following market inquiries with competitors and customers, the Commission considered that the proposed acquisition would be unlikely to result in a substantial lessening of competition because:OneSteel intends to maintain the Marner operations and service its present customer base;
Two other producers, Smorgon ARC and Bianco, are capable of competing actively with the merged entity; and
Recent entry by Bianco and price discounting suggest the market will remain both contestable and competitive.
Merger type
Horizontal
Guidelines thresholds
Crossed
Imports above 10%
Unknown
Initiation
Parties
ANZSIC code
2741