Commission receives clearance application from Holcim
Published10 Oct 2003
Issued 10 October 2003
The Commerce Commission has received an application from Holcim (New Zealand) Limited (Holcim) seeking clearance to acquire a minority shareholding interest in Atlas Resources Limited (Atlas) from W M and E A Collie.
Holcim is owned by Swiss-based Holcim Limited and is involved in the production and distribution of cement which is marketed nationally. Holcim operates two quarries in the Auckland region, and through its subsidiary Coastal Resources Limited operates a sand winning and dredging operation from the coast north east of Auckland City.
Atlas operates five ready mixed concrete plants in Auckland and one in Northland. Through its subsidiary Mt Rex Shipping, Atlas is also involved in the extraction and distribution of sand and aggregates to the Auckland and Northland regional markets.
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 from Holcim will shortly be available on the Commission's website under Adjudication.
