Transpacific Industries Group Ltd - acquisition of Riteway Engineering & Manufacturing Pty Ltd

Acquirer(s)

  • Transpacific Industries Group Ltd

Target(s)

  • Riteway Engineering & Manufacturing Pty Ltd

Summary

Transpacific acquired the business and assets of Riteway Engineering and Manufacturing Pty Ltd.

Market definition

Manufacture and supply of bins in South Australia, and the manufacture and supply of waste compaction bodies for waste vehicle on a national basis.

Competition analysis

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

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 Riteway 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
05/10/2007Transpacific acquired the business and assets of Riteway Engineering and Manufacturing Pty Ltd.
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.