PMP Limited - proposed acquisition of Times Printers Australia Pty Ltd

Status: 
Completed
Outcome: 
Not opposed on 2 November 2007
Reference number: 
29795
Industry: 
Printing
Commenced: 
28 September 2007
Total review days: 
25 days

Acquirer(s)

  • PMP Limited

Target(s)

  • Times Printers Australia Pty Ltd

Summary

On 21 September 2007, PMP Limited, a publicly listed commercial printer announced that it had entered into an agreement to acquire 100% of the shares in Times Printers Australia Pty Ltd from Times Publishing Limited, a Singapore based printing and publishing company.

Market definition

The ACCC considered the relevant market to be the national market for heat set web offset printing.

Competition analysis

The ACCC considered that the acquisition was unlikely to lead to a significant increase in market concentration due to the presence of a number of other printers of similar or larger size.

Timeline

DateEvent
28/09/2007ACCC commenced review under the Merger Review Process Guidelines.
19/10/2007Closing date for submissions from interested parties.
02/11/2007ACCC announced it would not oppose the proposed acquisition.