Acquirer(s)

  • Rheem Australia Pty Ltd

Target(s)

  • Aqua-Max Pty Ltd

Summary

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

Market definition

Please refer to Public Competition Assessment.

Competition analysis

Please refer to Public Competition Assessment.

Statement of issues

Document title Date
Statement of Issues

Public competition assessment

Document title Date
Public Competition Assessment

Timeline

Date Event

ACCC commenced review under the Merger Review Process Guidelines.

Closing date for submissions from interested parties.

ACCC timeline suspended pending receipt of further information from the merger parties.

ACCC received further information from the merger parties, ACCC timeline recommenced.

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.

Closing date for submissions relating to Statement of Issues.

ACCC timeline suspended pending receipt of further information from the merger parties.

ACCC received further information from the merger parties. ACCC timeline recommenced.

ACCC announced it would not oppose the proposed acquisition.