Acquirer: Smorgon Steel Pty Ltd; Target: Albion Steel Pty Limited

Acquirer(s)

  • Smorgon Steel Pty Ltd

Target(s)

  • Albion Steel Pty Limited

Summary

The acquisition of Albion Steel by Smorgon Steel.

Market definition

The NSW and QLD markets for reinforcing bar and welded mesh products.

Competition analysis

The acquisition raises the level of concentration in the relevant markets, however consideration of other merger guideline factors indentify a number of constraints on Smorgon Steel post acquisition. These constraints include the excess production capacity of several existing players, as well as the ability to import steel feedstock.

Merger type

Horizontal

Guidelines thresholds

Unknown

Imports above 10%

Unknown

Initiation

Parties

ANZSIC code

2711