Barloworld - proposed acquisition of Wattyl Limited

Status

Completed

Outcome

Opposed

6 July 2006

Reference number

20633

Industry

Architectural and decorative paint

Commenced

13 February 2006

Total review days

71 days

Acquirer(s)

Barloworld

Target(s)

Wattyl Limited

Market definition

For details regarding the market definition please see the Public Competition Assessment below.

Competition analysis

For details regarding the competition analysis please see the Public Competition Assessment below.

Statement of issues

Document title	Date
ACCC Statement of Issues (PDF62.99 KB)	23 Mar 2006

Public competition assessment

Document title	Date
ACCC Public Competition Assessment (PDF108.36 KB)	11 Aug 2006

Undertakings

Document title	Date
Draft 87B undertakings proposed by Barloworld (PDF128.8 KB)	16 May 2006

Timeline

Date	Event
13 Feb 2006	ACCC commenced review under its Merger Review Process Guidelines. Market inquiries commence.
6 Mar 2006	Closing date for submissions from interested parties.
6 Mar 2006	Barloworld advised ACCC that it intends to make a further submission addressing likely competition effects of proposed acquisition.
6 Mar 2006	ACCC timeline suspended pending receipt of documents requested from Barloworld 27 February 2006.
8 Mar 2006	ACCC received Barloworld's further submission.
10 Mar 2006	ACCC received Barloworld's response to ACCC request dated 27 February 2006. ACCC timeline recommenced.
15 Mar 2006	ACCC invited Barloworld to provide any further information addressing competition issues.
23 Mar 2006	ACCC published a Statement of Issues outlining its preliminary competition concerns.
7 Apr 2006	Closing date for submissions from interested parties responding to the ACCC's Statement of Issues.
7 Apr 2006	ACCC received Barloworld's response to the ACCC's Statement of Issues.
12 Apr 2006	ACCC received further submission from Barloworld.
13 Apr 2006	ACCC requested further information in response to Barloworld's submission of 12 April 2006.
18 Apr 2006	ACCC received further submission from Barloworld.
19 Apr 2006	ACCC requested further information in response to Barloworld's submission of 18 April 2006.
26 Apr 2006	ACCC received Barloworld's response to ACCC request dated 13 April 2006.
27 Apr 2006	ACCC received Barloworld's response to ACCC request dated 19 April 2006.
27 Apr 2006	Submission received by ACCC from Barloworld 26 April 2006. ACCC's indicative timeline suspended pending any request by Barloworld for new market inquiries by ACCC. ACCC's indicative decision date regarding proposed acquisition to be updated as soon as possible.
4 May 2006	ACCC formally sought information and documents from industry participants.
16 May 2006	Barloworld submitted s.87B Undertaking relating to its divestiture proposal for market inquiries by ACCC, and ACCC commenced market inquiries on Barloworld's proposed divestiture of certain Bristol assets. ACCC's indicative timeline recommenced.
30 May 2006	Closing date for submissions from interested parties regarding Barloworld's proposed divestiture of certain Bristol assets.
7 Jun 2006	ACCC's indicative timeline suspended pending receipt by ACCC of a submission from Barloworld. ACCC's indicative decision date regarding proposed acquisition to be updated as soon as possible.
13 Jun 2006	Barloworld provided a submission to the ACCC and requested the ACCC's response.
21 Jun 2006	ACCC responded to Barloworld regarding its submission dated 13 June 2006. ACCC's indicative timeline recommenced.
6 Jul 2006	ACCC announced that it would oppose the proposed acquisition.