The Australian Competition and Consumer Commission will not intervene in the proposed acquisition of the chemical division of Imdex Limited by Allied Colloids (Australia) Pty Limited.
Both Allied Colloids and Imdex are involved in the supply of synthetic flocculants to the Australian market. Synthetic flocculants are used extensively in mineral processing, pollution control, paper making, water treatment, crude oil recovery and other industries requiring the separation of solids from liquids. Imdex has a manufacturing complex at Kwinana, Western Australia with all of Allied Colloids supply of flocculants being imported.
The ACCC formed the belief that, although Allied Colloids may have a substantial share of the Australian supply of synthetic flocculants, international competition posed a significant restriction on their pricing decisions. This import competition is likely to prevent the merged firm from increasing its prices or margins. The ACCC therefore concluded that the acquisition is unlikely to substantially lessen competition.
Further information Ms Lin Enright, Director, Public Relations, (06) 264 2808
Both Allied Colloids and Imdex are involved in the supply of synthetic flocculants to the Australian market. Synthetic flocculants are used extensively in mineral processing, pollution control, paper making, water treatment, crude oil recovery and other industries requiring the separation of solids from liquids. Imdex has a manufacturing complex at Kwinana, Western Australia with all of Allied Colloids supply of flocculants being imported.
The ACCC formed the belief that, although Allied Colloids may have a substantial share of the Australian supply of synthetic flocculants, international competition posed a significant restriction on their pricing decisions. This import competition is likely to prevent the merged firm from increasing its prices or margins. The ACCC therefore concluded that the acquisition is unlikely to substantially lessen competition.
Further information Ms Lin Enright, Director, Public Relations, (06) 264 2808