Acquirer(s)
- Geraldton Fishermen's Co-Operative Ltd
Target(s)
- Westar Lobster Pty Ltd
Summary
Geraldton Fishermen's Co-operative Ltd proposed to acquire various Lobster processing assets of Westar Lobster Pty LtdMarket definition
The ACCC considered the proposed acquisition in the context of the Western Australian market for the acquisition of western rock lobsters from fishermen, and the market for the domestic supply of rock lobsters, and at its narrowest, western rock lobsters.Competition analysis
On 17 October 2007, the ACCC decided to not intervene in the proposed acquisition.The ACCC concluded that the proposed acquisition was unlikely to substantially lessen competition in the relevant markets due to the ability of fishermen to switch to alternative lobster processors in WA and the relatively low barriers to entry and expansion into lobster processing.
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Review Process Guidelines. ACCC market inquiries commenced. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |