Vita NZ applies for clearance to acquire assets of Pacific Brands
Published12 Mar 2008
The Commerce Commission has received an application from Vita New Zealand seeking clearance to acquire the New Zealand foams, flooring and bedding businesses of Pacific Brands.
Vita is a privately owned company active in the manufacture of foam and a range of furniture and consumer products.
Pacific Brands is listed on both the Australian and the New Zealand Stock Exchanges. Its activities in New Zealand include the manufacture and importation of foam and the manufacture of bedding.
In considering the application, the Commission's role is to determine whether the acquisition has the effect of substantially lessening competition in a market.