The Commerce Commission has received an application from Tomarata Sand Limited seeking clearance to acquire the assets and business of Coastal Resources Limited.

Tomorata Sand Limited is a recently formed company owned by Stan Semenoff.    Mr Semenoff also has interests in a number of other companies involved in the supply of sand in the Northland region including Semenoff Sand Supplies Limited, Envirosands Northland Limited and Kaipara Water Transport Limited.

Coastal Resources Limited is based in the Northland region and also supplies sand.  

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 on the Commission's website.