Metcash Ltd - proposed acquisition of Home Timber and Hardware Group

Acquirer(s)

  • Metcash Ltd

Target(s)

  • Home Timber and Hardware Group

Summary

Metcash sought clearance to acquire the Home Timber and Hardware Group (HTH) from Woolworths. Woolworths was running a sale process in respect of its HTH and Masters businesses and Metcash was intending to bid for HTH. Both Metcash and HTH have wholesale and retail operations in the hardware and home improvement industry.

Further information about the ACCC's review is available at this page.

Market definition

Please refer to the Public Competition Assessment.

Competition analysis

Please refer to the Public Competition Assessment.

Other

Document title Date

Public competition assessment

Document title Date

Undertakings

Timeline

DateEvent
06/05/2016ACCC commenced review under the Merger Process Guidelines.
20/05/2016Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on relevant issues or concerns arising.
26/05/2016ACCC requested further information from Metcash.
17/06/2016ACCC received further information from Metcash.
29/06/2016Former proposed decision date of 30 June 2016 delayed to allow the ACCC to consider an undertaking submitted by Metcash and whether the undertaking is suitable to proceed to consultation.
05/07/2016ACCC commenced market inquiries on draft section 87B undertaking offered by Metcash. ACCC timeline recommenced.
12/07/2016Closing date for submissions relating to draft section 87B undertaking.
21/07/2016ACCC announced it would not oppose the proposed acquisition, subject to the section 87B undertaking accepted by the ACCC.