Transpacific Industries Group Ltd - acquisition of CBD Enviro Services

Acquirer(s)

  • Transpacific Industries Group Ltd

Target(s)

  • CBD Enviro Services

Summary

Transpacific acquired the business and assets of CBD Enviro Services.

Market definition

Supply of solid waste collection services and waste recycling services in the Sydney metropolitan area.

Competition analysis

On 8 November 2007, the ACCC announced its decision not to oppose the acquisition by Transpacific of CBD Enviro Services.

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 CBD Enviro Services was unlikely to remove a significant source of competitive constraint in the relevant markets. A key factor in reaching this view was the fact that (in relation to the relevant markets) there are a number of alternative competitive providers which will remain available to customers.

Timeline

DateEvent
02/10/2007Transpacific acquired the business and assets of CBD Enviro Services.
23/10/2007ACCC commenced review under Merger Review Process Guidelines. Market inquiries commenced.
29/10/2007ACCC requested further information from Transpacific. ACCC timeline suspended.
06/11/2007ACCC received further information from TPI. ACCC timeline recommenced.
07/11/2007Closing date for submissions from interested parties.
08/11/2007ACCC announced it would not oppose the proposed acquisition.