Drum Makers Pty Ltd, a subsidiary of Visy Steel Products Pty Ltd - proposed acquisition of Greif Australia Pty Limited

Acquirer(s)

  • Drum Makers Pty Ltd

Target(s)

  • Greif Australia Pty Limited

Summary

Drum Makers Pty Ltd - a wholly owned subsidiary of Visy Steel Products Pty Limited - proposed to acquire the rigid industrial packaging business of Greif Australia Pty Ltd.

Competition analysis

Drum Makers withdrew its request for informal merger clearance prior to the annoucement of the ACCC's findings.

Statement of issues

Document title Date

Timeline

DateEvent
21/03/2007Drum Makers advised the ACCC of the public announcement of the proposed acquisition. ACCC commenced review under the Merger Review Process Guidelines. Market inquires commenced.
27/03/2007Timeline suspended pending receipt of information requested from Drum Makers.
02/04/2007Closing date for submissions from interested parties.
02/04/2007ACCC received further information from Drum Makers. ACCC's indicative timeline recommenced.
05/04/2007Timeline suspended pending receipt of further information from Drum Makers.
13/04/2007Further information received from Drum Makers. ACCC's indicative timeline recommenced.
19/04/2007ACCC publishes Statement of Issues.
02/05/2007Closing date for submission on Statement of Issues.
04/05/2007ACCC requested further information from the parties. ACCC timeline suspended.
15/05/2007Drum Makers provided partial response to information request dated 4 May 2007.
17/05/2007Former proposed date for announcement of ACCC's findings amended to allow for parties' responses to ACCC's request of 4 May 2007 and the ACCC's Statement of Issues.
18/05/2007Drum Makers withdrew its request for informal merger clearance prior to the announcement of the ACCC's findings. The ACCC terminated its review.