Acquirer(s)
- Transpacific Industries Group Limited
Target(s)
- Aspex Paper Australia Pty Limited
Summary
Transpacific Industries Group Limited has acquired Aspex Paper Australia Pty Limited.Market definition
The ACCC considered the completed acquisition in the context of the following markets:- regional markets for solid waste collection and recycling for waste paper and cardboard from commercial operations;
- national market for the wholesale of newsprint; and
- regional markets for the supply of newsprint handling services.
However, the ACCC noted that market definition was not determinative in this matter.
Competition analysis
The ACCC considered that the completed acquisition was unlikely to substantially lessen competition in the relevant markets, since it did not remove a source of significant competitive constraint.Further, the ACCC considered the completed acquisition in the context of an approximately simultaneous acquisition by Transpacific of Higgins Trading Company Limited (Higgins, reference 33139). A key factor was the number of alternative competitive providers in the relevant market, which will remain available to customers.
Timeline
| Date | Event |
|---|---|
Transpacific Industries Group notified the ACCC that it had completed the acquisition of Aspex Paper Australia Pty Ltd. |
|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |