Woolworths Limited - proposed acquisition of Austral Refrigeration Holdings Pty Ltd

Acquirer(s)

  • Woolworths Limited

Target(s)

  • Austral Refrigeration Holdings Pty Ltd

Summary

Woolworths Limited proposed to acquire the remote commercial refrigeration business of Austral Refrigeration Holdings Pty Ltd.

Market definition

The ACCC considered the proposed acquisition in the context of the following markets:

(i) the national market for the manufacture and supply of remote refrigerated display cases;
(ii) the national market for the design and installation of remote refrigeration systems; and
(iii) region-based markets for the maintenance of remote refrigeration systems.

Competition analysis

The ACCC considered that the proposed acquisition was unlikely to substantially lessen competition in any relevant market. Factors informing this view included;

(i) the merger parties did not overlap in any relevant market; and
(ii) in each relevant market, a number of alternatives to Austral existed such that any attempt by Woolworths to foreclose its retail rivals' access to remote refrigeration equipment and services was unlikely to be successful.

Timeline

DateEvent
21/11/2012ACCC commenced review under the Merger Review Process Guidelines.
07/12/2012Closing date for submissions from interested parties.
19/12/2012ACCC announced it would not oppose the proposed acquisition.