Acquirer(s)
- OneSteel Ltd
Target(s)
- Independent Steel Warehouse
Summary
OneSteel Ltd acquired Independent Steel Warehouse in November 2008. Independent Steel Warehouse was a retail supplier of long and flat steel based in Mackay, Queensland.Market definition
The markets for long and flat steel distribution were considered.Competition analysis
The ACCC found that OneSteel Ltd faces sufficient competitive constraint post acquisition as there are a number of other retail steel suppliers in the Mackay region and greater Queensland.Timeline
| Date | Event |
|---|---|
OneSteel notified the ACCC that it had acquired Independent Steel Warehouse. |
|
ACCC commenced its review of the acquisition. |
|
ACCC announced it would not oppose the completed acquisition. |