Acquirer(s)
- Smorgon Steel Pty Ltd
Target(s)
- Albion Steel Pty Limited
Summary
The acquisition of Albion Steel by Smorgon Steel.Market definition
The NSW and QLD markets for reinforcing bar and welded mesh products.Competition analysis
The acquisition raises the level of concentration in the relevant markets, however consideration of other merger guideline factors indentify a number of constraints on Smorgon Steel post acquisition. These constraints include the excess production capacity of several existing players, as well as the ability to import steel feedstock.Merger type
Horizontal
Guidelines thresholds
Unknown
Imports above 10%
Unknown
Initiation
Parties
ANZSIC code
2711