Acquirer(s)
- Boral Limited
Target(s)
- Carter Holt Harvey Limited
Summary
Boral Limited proposed to acquire the Australian timber building supplies operations of Carter Holt Harvey Limited.Market definition
The proposed acquisition was considered in the context of separate national markets for the production and supply of softwood sawn timber and plywood.Competition analysis
On 12 December 2007 the ACCC formed the view, after conducting market inquiries, that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets. Factors informing this conclusion included that the merged entity would continue to be constrained by:- the presence of alternative domestic producers of softwood sawn timber and plywood; and
- the presence of imported softwood sawn timber and plywood.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commence. |
|
ACCC timeline suspended pending receipt of further information from Boral Limited. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |