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
| Date | Event |
|---|---|
Brickworks Limited announced the acquisition. |
|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not intervene in the completed acquisition. |