TEC Projects Limited - completed acquisition of Tecpak Industries Limited

Acquirer(s)

  • TEC Projects Limited

Target(s)

  • Tecpak Industries Limited

Summary

TEC Projects Limited (TEC Projects) has acquired Tecpak Industries Limited (Tecpak) (the completed acquisition)

Market definition

Although the ACCC did not form a concluded view in relation to market definition, it considered whether the completed acquisition would have an impact on competition in any market in Australia for the supply of thin-walled plastic containers.

Competition analysis

The ACCC considered that the completed merger was unlikely to result in a substantial lessening of competition in the relevant market. In particular, Tecpak did not appear to be a particularly significant or vigorous and effective competitor in the market and a number of more significant domestic competitors remain.

Timeline

DateEvent
15/12/2010ACCC commenced review under the Merger Review Process Guidelines.
14/01/2011Closing date for submissions from interested parties.
22/02/2011ACCC announced it would not oppose the completed acquisition.