Rheem Australia Pty Ltd - proposed acquisition of Aqua-Max Pty Ltd

Acquirer(s)

  • Rheem Australia Pty Ltd

Target(s)

  • Aqua-Max Pty Ltd

Summary

Rheem proposed to acquire the water heaters business Aqua-Max Pty Ltd from Sietel Ltd.

Market definition

Please refer to Public Competition Assessment.

Competition analysis

Please refer to Public Competition Assessment.

Statement of issues

Document title Date

Public competition assessment

Document title Date

Timeline

DateEvent
23/02/2009ACCC commenced review under the Merger Review Process Guidelines.
06/03/2009Closing date for submissions from interested parties.
20/03/2009ACCC timeline suspended pending receipt of further information from the merger parties.
03/04/2009ACCC received further information from the merger parties, ACCC timeline recommenced.
22/04/2009ACCC published a Statement of Issues outlining preliminary competition concerns. Former proposed date for announcement of ACCC findings of 1 May 2009, amended to allow for the release of the Statement of Issues.
13/05/2009Closing date for submissions relating to Statement of Issues.
19/05/2009ACCC timeline suspended pending receipt of further information from the merger parties.
12/06/2009ACCC received further information from the merger parties. ACCC timeline recommenced.
23/06/2009ACCC announced it would not oppose the proposed acquisition.