Acquirer(s)
- Courtenay Polymers Pty Limited (trading as ICO Polymers Australia)
Target(s)
- MicroPellets Australia
Summary
Courtenay Polymers Pty Limited, trading as ICO Polymers, proposed to acquire the assets of MicroPellets Australia.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.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |