OneSteel Limited - acquisition of Fagersta Steels Pty Ltd

Acquirer(s)

  • OneSteel Limited

Target(s)

  • Fagersta Steels Pty Ltd

Summary

OneSteel acquired Fagersta Steels Pty Ltd - a distributor of stainless steel products

Market definition

Stainless steel distribution

Competition analysis

The ACCC did not consider the acquisition was likely to substantially lessen competition in the relevant market due to the presence of several other significantly sized stainless steel distributors.

Timeline

DateEvent
20/08/2007ACCC commenced review under the Merger Review Process Guidelines.
03/09/2007Closing date for submissions from interested parties.
10/09/2007ACCC decided to not oppose the acquisition.