Acquirer(s)
- TEC Projects Limited
Target(s)
- Tecpak Industries Limited
Summary
TEC Projects Limited (TEC Projects) has acquired Tecpak Industries Limited (Tecpak) (the completed acquisition)Market definition
Although the ACCC did not form a concluded view in relation to market definition, it considered whether the completed acquisition would have an impact on competition in any market in Australia for the supply of thin-walled plastic containers.Competition analysis
The ACCC considered that the completed merger was unlikely to result in a substantial lessening of competition in the relevant market. In particular, Tecpak did not appear to be a particularly significant or vigorous and effective competitor in the market and a number of more significant domestic competitors remain.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 completed acquisition. |