Geraldton Fishermen's Co-operative Ltd - proposed acquisition of Westar Lobster Pty Ltd

Acquirer(s)

  • Geraldton Fishermen's Co-Operative Ltd

Target(s)

  • Westar Lobster Pty Ltd

Summary

Geraldton Fishermen's Co-operative Ltd proposed to acquire various Lobster processing assets of Westar Lobster Pty Ltd

Market definition

The ACCC considered the proposed acquisition in the context of the Western Australian market for the acquisition of western rock lobsters from fishermen, and the market for the domestic supply of rock lobsters, and at its narrowest, western rock lobsters.

Competition analysis

On 17 October 2007, the ACCC decided to not intervene in the proposed acquisition.

The ACCC concluded that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets due to the ability of fishermen to switch to alternative lobster processors in WA and the relatively low barriers to entry and expansion into lobster processing.

Timeline

DateEvent
10/09/2007ACCC commenced review under the Merger Review Process Guidelines. ACCC market inquiries commenced.
24/09/2007Closing date for submissions from interested parties.
17/10/2007ACCC announced it would not oppose the proposed acquisition.