The Commerce Commission has received an application from TEC Projects Limited seeking clearance to acquire the plastic packaging business and assets of Tecpak Industries Limited.

TEC Projects is a wholly-owned subsidiary of Pact Group (NZ) Limited. In New Zealand, Pact Group manufactures and supplies a range of plastic packaging products, including large and small food storage containers.  

Tecpak Industries is a New Zealand packaging company that manufactures and supplies small plastic packaging products.  

The clearance application relates to both parties' involvement in the manufacture and supply of thin walled plastic containers to the food processing industry. Thin walled plastic containers are used as packaging for a number of food products such as yoghurt and margarine.

In considering the application, the Commission's role is to determine whether the acquisition has the effect of substantially lessening competition in a market.

A public version of the application will be available shortly on the Commission's website at www.comcom.govt.nz/clearances-register