GPC Asia Pacific Pty Ltd - proposed acquisition of Covs Parts from Automotive Holdings Group Limited

Acquirer(s)

  • GPC Asia Pacific Pty Ltd

Target(s)

  • Covs Parts

Summary

GPC proposed to acquire the Covs Parts business from AHG. Both Covs Parts and GPC (via its Repco and Ashdown-Ingram stores) supply automotive parts to trade customers in metropolitan and regional Western Australia. Following the ACCC's decision to oppose the proposed acquisition, GPC and AHG modified the proposed acquisition to exclude the Covs Parts stores in Albany, Esperance, Karratha and Port Hedland (the revised proposed acquisition).

After further targeted market inquiries, the ACCC announced that it would not oppose the revised proposed acquisition on 18 February 2016.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Timeline

DateEvent
26/08/2015ACCC commenced review under the Merger Process Guidelines.
07/09/2015Closing date for submissions from interested parties.
21/09/2015Former proposed decision date of 8 October delayed to allow receipt of further information from GPC.
28/09/2015ACCC received further information from GPC. ACCC timeline recommenced.
21/10/2015ACCC published a Statement of Issues outlining preliminary competition concerns.
05/11/2015Closing date for submissions relating to Statement of Issues.
17/11/2015Former proposed decision date of 26 November delayed to allow receipt of further information from AHG.
18/11/2015ACCC received further information from AHG. ACCC timeline recommenced.
24/11/2015Former proposed decision date of 3 December delayed to allow the ACCC further time to consider information provided by the merger parties.
09/12/2015Former proposed decision date of 10 December delayed to allow the ACCC further time to consider further information provided by the merger parties.
17/12/2015ACCC announced it would oppose the proposed acquisition.
21/12/2015GPC and AHG proposed to exclude the Covs Parts stores in Albany, Esperance, Karratha and Port Hedland from the proposed acquisition (revised proposed acquisition). The ACCC conducted further targeted market inquiries.
08/02/2016AHG provided a draft section 87B undertaking to the ACCC regarding the continued operation of the retained stores.
18/02/2016ACCC announced it would not oppose the revised proposed acquisition, subject to the s 87B undertaking accepted by the ACCC.