New Zealand Comfort Group applies for clearance to acquire Dunlop Living
Published06 May 2011
The Commerce Commission has received an application from New Zealand Comfort Group Limited, formerly Sleepyhead Manufacturing Company Limited, seeking clearance to acquire all the assets of Dunlop Living Limited.
The Commerce Commission has received an application from New Zealand Comfort Group Limited, formerly Sleepyhead Manufacturing Company Limited, seeking clearance to acquire all the assets of Dunlop Living Limited.
New Zealand Comfort Group manufactures and supplies beds and carpet underlay. New Zealand Comfort Group also manufactures foam, which it mostly uses in its Sleepyhead branded beds.
Dunlop Living manufactures and supplies beds, carpet underlay and furniture. Dunlop Living also manufactures foam for use in its beds and furniture manufacturing business and supplies foam to competing bed and furniture manufacturers.
The clearance application relates to both parties' involvement in the manufacture and supply of beds, foam and carpet underlay. In considering the application, the Commission's role is to determine whether the acquisition has the effect of substantially lessening competition in a market.
