Acquirer(s)

  • Sleepyhead

Target(s)

  • Pacific Brands Limited

Summary

Sleepyhead proposed to acquire the bedding and foam manufacturing businesses (Sleepmaker and Dunlop Foams) from Pacific Brands Limited. Pacific Brands proposed to acquire Sleepyhead's carpet underlay business, Wonderlay.

Market definition

Please see Public Competition Assessment below.

Competition analysis

Please see Public Competition Assessment below.

Public competition assessment

Timeline

Date Event

ACCC commenced review under the Merger Review Process Guidelines.

Closing date for submissions from interested parties.

ACCC requested further information from a party to the transaction. ACCC timeline suspended.

Further information received from a party to the transaction. ACCC timeline recommenced.

ACCC published a Statement of Issues outlining preliminary competition concerns.

ACCC requested further information from a party to the transaction. ACCC timeline suspended.

Closing date for submissions relating to Statement of Issues.

ACCC received further information from a party to the transaction. ACCC timeline recommenced. Former proposed date for announcement of ACCC's findings of 24 February 2011, amended to allow the ACCC to consider further information requested from a party to the transaction.

ACCC announced it would not oppose the proposed acquisitions.