Acquirer(s)
- Confoil Pty Ltd
Target(s)
- Kingfoil Containers Pty Ltd
Summary
Confoil Pty Ltd proposes to acquire Kingfoil Containers Pty Ltd. Both companies manufacture rigid foil containers for use in food packagingMarket definition
The ACCC considers that the relevant market is the national market for the manufacture and supply of rigid foil containersCompetition analysis
The ACCC formed the view that the proposed acquisition is unlikely to substantially lessen competition in the national market for the manufacture and supply of rigid foil containers. The ACCC formed this view given that the merged entity is likely to be constrained by potential import competition. To a lesser extent, the availability of packaging substitutes is also expected to constrain the merged entity.Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced. |
|
Closing date for submissions from interested parties. |
|
ACCC decided not to oppose the proposed acquisition. |