Amcor Packaging (Australia) Pty Ltd - proposed acquisition of the plant at Smithfield NSW owned by Carter Holt Harvey Packaging

Acquirer(s)

  • Amcor Packaging (Australia) Pty Ltd

Target(s)

  • the plant at Smithfield NSW owned by Carter Holt Harvey Packaging

Summary

Amcor Packaging (Australia) Pty Ltd proposes to acquire the folding carton plant at Smithfield NSW, owned by Carter Holt Harvey Packaging Pty Ltd.

Market definition

The ACCC considered the competitive effects of the proposed acquisition in the context of the national market for the manufacture and supply of folding cartons.

Competition analysis

The ACCC concluded that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. In forming this view the ACCC had regard to the following factors:
- that post acquisition, a number of other substantial suppliers of folding cartons will remain in the relevant market, thereby constraining the merged entity's ability to increase product prices or reduce service quality;
- that larger customers of folding cartons were found to have countervailing power; and
- that customer switching costs were not high.

Timeline

DateEvent
04/01/2011ACCC commenced review under the Merger Review Process Guidelines.
28/01/2011Closing date for submissions from interested parties.
10/02/2011ACCC announced it would not oppose the proposed acquisition.