The Commerce Commission has granted clearance to CSR Building Products to acquire the Ross Roofing, Rosscrete Roofing Tiles and the Ross Brick & Pavers businesses of the Ross group of companies.

CSR Building Products is a wholly-owned subsidiary of CSR Limited in Australia. CSR's building products division is involved in the manufacture of concrete roofing tiles and clay bricks, and the installation of complete roofs, on a nationwide basis in New Zealand under the Monier brand.

The Ross group is privately-owned. The companies subject to this acquisition are involved in the manufacture of concrete roofing tiles, the sale and distribution of clay bricks, and the installation of concrete tiles, Italian clay tiles and metal tiles throughout the Auckland and Waikato regions.

Commerce Commission Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition will not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.

A public version of the written reasons for the decision is available on the Commission's website www.comcom.govt.nz under the Clearances Register.