Target(s)
- Best Bar Pty Ltd
Summary
Proposed acquisition of Best Bar Pty Ltd (Best Bar) by InfraBuild Trading Pty Ltd (InfraBuild). InfraBuild is a company of the Liberty Steel Group, part of the GFG Alliance.
The Liberty Steel Group manufactures and distributes reinforcing steel products (including reinforcing bar, wire rod, and reinforcing mesh) in Australia. Best Bar distributes reinforcing steel products in Australia.
Market inquiries
Submissions are invited from interested parties regarding the proposed acquisition.
The closing date for submissions is 14 April 2020. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title "Submissions re: Infrabuild's proposed acquisition of Best Bar - attention Connie Wu/Karina Geddes".
Following the closing date, queries regarding the ACCC's review may be addressed to Connie Wu/Karina Geddes at mergers@accc.gov.au. For more details, please refer to the attached market inquiries letter.
Market inquiries
Timeline
| Date | Event |
|---|---|
| 25/03/2020 | ACCC commenced informal review under the Informal Merger Review Process Guidelines. |
| 14/04/2020 | Closing date for submissions. |
| 08/05/2020 | ACCC is awaiting further information from the acquirer. Former provisional date for announcement of findings (10 June) is delayed. |
| 25/06/2020 | Proposed date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues). |
Project staff
- Connie Wu
- Karina Geddes