Acquirer(s)
- InvoCare Limited
Target(s)
- Drysdale Funerals
Summary
InvoCare Limited proposed to acquire Drysdale Funerals on the Queensland Sunshine Coast, and sought informal clearance from the ACCC. Both firms supply funeral direction, cremation and burial services.Market definition
The markets were defined as the local Sunshine Coast markets for 1) funeral direction, and 2) cremation and burial services.Competition analysis
InvoCare does not currently operate in any of these markets in the Sunshine Coast. There is no competitive overlap.After consideration of the information provided by market participants and other information before it, the ACCC formed the view that the proposed acquisition is unlikely to result in a substantial lessening of competition in either market and decided that it would not oppose the acquisition.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced its decision not to oppose the proposed acquisition. |