Acquirer(s)
- Trimas Corporation
Target(s)
- Parkside Towbars Pty Ltd
Summary
Trimas Corporation has acquired Parkside Towbars Pty Ltd.Market definition
The ACCC considered the proposed acquisition in relation to the national market for the manufacture and supply of towbars to OEM and aftermarket customers.Competition analysis
The ACCC formed the view that the proposed acquisition was unlikely to substantially lessen competition in the relevant market. In reaching this view, the ACCC considered that the merged firm's pricing decisions are likely to be constrained by the presence of existing competitors, low barriers to entry and the presence of some imports.Timeline
| Date | Event |
|---|---|
Trimas Corporation announced it had acquired Parkside Towbars. |
|
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. |