Target(s)
- Higgins Trading Company Limited
Summary
Transpacific Industries Group Limited (Transpacific) acquired all of the shares in Higgins Trading Company Limited (Higgins).Market definition
The ACCC considered the acquisition in the context of the following markets:Regional markets for solid waste collection and recycling for waste paper and cardboard from commercial operations;
The national market for the wholesale of newsprint; and
Regional markets for the supply of newsprint handling services
Market definition was not determinative in this matter.
Competition analysis
The ACCC considered information provided by Transpacific and other information available to it. Based on that information, the ACCC considered that the acquisition of Higgins was unlikely to remove a source of significant competitive restraint in the relevant markets. The ACCC considered the acquisition of Higgins also in the context of an approximately simultaneous acquisition by Transpacific of Aspex Paper Australia Pty Limited (Aspex, reference 33140). A key factor was the number of alternative competitive providers in the relevant market, which will remain available to customers.Timeline
| Date | Event |
|---|---|
| 06/10/2008 | Transpacific Industries Group notified ACCC that it had completed the acquisition of Higgins Trading Company Limited. |
| 07/10/2008 | ACCC commenced review under the Merger Review Process Guidelines. |
| 14/10/2008 | Closing date for submissions from interested parties. |
| 16/10/2008 | ACCC announced it would not oppose the proposed acquisition. |