Pact Group applies to acquire the plastic pails business of Viscount Plastics
Published05 Oct 2011
The Commerce Commission has received an application from Pact Group seeking clearance to acquire the plastic pails business of Viscount Plastics.
The Commerce Commission has received an application from Pact Group seeking clearance to acquire the plastic pails business of Viscount Plastics.
Both Pact Group and Viscount Plastics supply plastic packaging products in Australia and New Zealand. These products include plastic paint and food pails. Although Pact Group is proposing to acquire other plastic packaging assets from Viscount Plastics, the application relates only to the New Zealand plastic pails business.
In considering the application, the Commission's role is to determine whether the acquisition has the effect of substantially lessening competition in a market.
The Pact Group Pty Limited operates a number of plastic packaging businesses in New Zealand including VIP Packaging (NZ) Limited, Alto Packaging Limited and Tecpak Industries Limited. The Pact Group also holds a shareholding in National Can Industries Limited, which supplies some plastic pails in New Zealand.
Viscount's plastic pails business includes assets from two New Zealand entities, namely Pacific BBA Plastics (NZ) Limited and Viscount Plastics (NZ) Limited. The parent company of all these entities is LINPAC Mouldings Limited.
