Acquirer(s)
- Stramit Corporation Pty Ltd
Target(s)
- Morinda Australia Pty Ltd
Summary
Stramit Corporation Pty Ltd has acquired Morinda Australia Pty Ltd, trading as Garage World and Shed Boss. Stramit is a manufacturer and supplier of steel roll formed products and Garage World and Shed Boss provide services to the shed building and assembly industry.Market definition
The acquisition was considered in the context of separate markets for the supply of steel roll formed products and the supply of steel frame sheds and buildings.Competition analysis
The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant markets due to a number of actual and potential competitors who would be likely to constrain Stramit from attempting to exercise market power.Timeline
| Date | Event |
|---|---|
ACCC commences review under Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |