Acquirer(s)
- Bunnings Group Limited
Target(s)
- Magnet Mart Pty Ltd
Summary
Bunnings Group Limited - acquisition of Magnet Mart Pty Ltd's store in Griffith, New South Wales.Market definition
The ACCC assessed this acquisition under the market for home improvement, home leisure and building products in the Griffith regional area.Competition analysis
The ACCC considered that the acquisition was unlikely to substantially lessen competition in the market for home improvement, home leisure and building products in the Griffith regional area. The ACCC found that there were competitive alternative suppliers, including category specialty and discount and variety stores. It also appeared that in relation to entry as a smaller traditional hardware retail outlet, barriers to entry were low.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced findings. |