Brickworks Ltd - acquisition of Smart State Blocks

Acquirer(s)

  • Brickworks Ltd

Target(s)

  • Smart State Blocks

Summary

A Brickworks Ltd subsidiary, Austral Masonry Products (Qld) Pty Ltd, has acquired Smart State Blocks, a producer of concrete masonry blocks based on the Gold Coast, Queensland.

Market definition

The ACCC considered the acquisition in the context of the South East Queensland market for the supply of concrete masonry products used in constructing walls.

Competition analysis

The ACCC formed the view that the acquisition was unlikely to substantially lessen competition in the relevant market. In particular, the ACCC considered that the merged entity would be constrained by two large existing competitors and by potential new entrants in the market.

Timeline

DateEvent
17/07/2008Brickworks Limited announced the acquisition.
31/07/2008ACCC commenced review under the Merger Review Process Guidelines.
14/08/2008Closing date for submissions from interested parties.
19/08/2008ACCC announced it would not intervene in the completed acquisition.