Culligan Group (Culligan) - Waterlogic Group Holdings Limited (Waterlogic)

Acquirer(s)

  • Culligan Group (Culligan)

Target(s)

  • Waterlogic Group Holdings Limited (Waterlogic)

Summary

Culligan is controlled by Osmosis Buyer Limited (Osmosis). Culligan is headquartered is the USA and operates a global water systems treatment company. In Australia, Culligan owns the Zip brand, which manufactures and supplies multi-functional taps, bottle-free coolers, wall mounted boilers, bubblers and other drinking water solutions.

Firewall Holding S.À R.L. (Firewall) is the holding company of Waterlogic Group Holdings Limited (Waterlogic).  Waterlogic is headquartered in the UK and operates in various countries. In Australia, Waterlogic supplies water products and services through Australian subsidiaries, including:

  1. Billi Australia Pty Ltd (Billi business) manufactures, supplies and services multi-functional taps; and
  2. Waterlogic Australia Holdings Pty Ltd which supplies rentals and servicing of bottle-free coolers, wall mounted boilers, bubblers and other drinking water products.

On 21 December 2021, Osmosis entered into a Share Purchase Agreement to acquire 100% of the shares in Firewall.

The ACCC commenced its public review on 4 March 2022.

On 19 May 2022, the ACCC decided to not oppose Culligan’s proposed acquisition of Waterlogic, subject to the ACCC accepting a court-enforceable undertaking from Osmosis to divest the Billi business.

Market definition

The ACCC will release a Public Competition Assessment in due course.

Competition analysis

The ACCC will release a Public Competition Assessment in due course.

Market inquiries

Undertakings

Document title Date

Timeline

DateEvent
04/03/2022ACCC commenced informal review under the Informal Merger Review Process Guidelines.
21/03/2022Closing date for submissions.
19/05/2022ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by the ACCC.