Boral Limited - proposed acquisition of Carter Holt Harvey Limited's Australian timber building supplies operations

Acquirer(s)

  • Boral Limited

Target(s)

  • Carter Holt Harvey Limited

Summary

Boral Limited proposed to acquire the Australian timber building supplies operations of Carter Holt Harvey Limited.

Market definition

The proposed acquisition was considered in the context of separate national markets for the production and supply of softwood sawn timber and plywood.

Competition analysis

On 12 December 2007 the ACCC formed the view, after conducting market inquiries, that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets. Factors informing this conclusion included that the merged entity would continue to be constrained by:
- the presence of alternative domestic producers of softwood sawn timber and plywood; and
- the presence of imported softwood sawn timber and plywood.

Timeline

DateEvent
21/11/2007ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commence.
26/11/2007ACCC timeline suspended pending receipt of further information from Boral Limited.
30/11/2007Closing date for submissions from interested parties.
12/12/2007ACCC announced it would not oppose the proposed acquisition.