Brambles applies to Commerce Commission to acquire GE Capital Returnable Packaging Systems
Published27 Nov 2002
The Commerce Commission has received a clearance application from Brambles New Zealand Limited (Brambles) to acquire the business assets of GE Capital Returnable Packaging Systems Limited (GECRPS).
Brambles' businesses in New Zealand include CHEP (New Zealand), which is involved in packaging systems including the hiring of plastic crates and bins typically used for packing and transporting fruit and vegetables, and also the hiring of pallets.
GECRPS is 100% owned by General Electric Capital Corporation and in New Zealand trades under the name GE Weck-Pack, which also hires reusable plastic crates and bins.
In considering the application, the Commission's role is to determine whether the merger has the effect of substantially lessening competition in a market.
A public version of the application is available on request from the Commerce Commission. Please email registrar@comcom.govt.nz or contact Catherine Best (04) 924 3654
Media contact: Geoff Thorn, Director, Business Competition Branch
