Courtenay Polymers Pty Limited (trading as ICO Polymers) - proposed acquisition of MicroPellets Australia

Acquirer(s)

  • Courtenay Polymers Pty Limited (trading as ICO Polymers Australia)

Target(s)

  • MicroPellets Australia

Summary

Courtenay Polymers Pty Limited, trading as ICO Polymers, proposed to acquire the assets of MicroPellets Australia.

Market definition

The ACCC considered the competitive effects of the proposed acquisition in the context of the national market for the supply of linear low density polyethylene (LLDPE) powder.

Competition analysis

The ACCC considered that the proposed acquisition was unlikely to result in a substantial lessening of competition in the relevant market. Factors informing this conclusion included:
- the presence of a number of competing domestic LLDPE powder suppliers; and
- the availability of competitively priced imported LLDPE powder.

Timeline

DateEvent
06/07/2009ACCC commenced review under the Merger Review Process Guidelines.
15/07/2009Closing date for submissions from interested parties.
17/07/2009ACCC announced it would not oppose the proposed acquisition.