Transpacific Industries Group Ltd - acquisition of a solid waste collection contract (including assets) owned by Wanless Wastecorp

Acquirer(s)

  • Transpacific Industries Group Ltd

Target(s)

  • Wanless Wastecorp - waste collection contract (including assets)

Summary

Transpacific has acquired a small solid waste collection contract (including two trucks committed to the contract) with the Cairns City Council. The contract was previously owned by Wanless Wastecorp.

Market definition

Solid waste collection services in the north Queensland region.

Competition analysis

On 7 November 2007, the ACCC announced its decision not to oppose the acquisition by Transpacific of the solid waste collection contract for Cairns City Council (and two trucks used in servicing that contract), previously held by Wanless Wastecorp.

The ACCC considered the information provided by Transpacific and other information available to it. Based on that information, the ACCC considered that the acquisition of the Wanless Wastecorp contract was unlikely to remove a significant source of competitive constraint in the relevant market. A key factor in reaching this view was the fact that (in relation to the relevant market) there are a number of alternative competitive providers which will remain available to customers.

Timeline

DateEvent
29/06/2007Transpacific acquired a waste collection contract (including two vehicles needed for that contract) in relation to the Cairns City Council, from Wanless Wastecorp.
22/10/2007ACCC commenced review under Merger Review Process Guidelines. Market inquiries commenced.
06/11/2007Closing date for submissions from interested parties.
07/11/2007ACCC announced it would not oppose the proposed acquisition.