Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Zuellig Pharma Cleared To Acquire Sigma NZ Assets

Issued 2 February 2001/11

Commission Clears Zuellig Pharma Limited To Acquire Sigma NZ Assets

The Commerce Commission has cleared Zuellig Pharma Limited to acquire all the assets currently owned by Sigma NZ Limited.

Both companies have interests in pharmaceutical markets in New Zealand at the distribution, wholesaling and hospital supply levels. Zuellig also has interests in the "Unichem" banner group and the "Vantage" buying group, while Sigma NZ has interests in the "Amcal", Guardian", and "Pharmacycare" banner groups and the "PPS" buying group.

If the proposed acquisition were to proceed, market aggregation would arise in the following markets:

* the wholesaling of prescription and over the counter (OTC) pharmaceuticals in each of the upper North Island, the lower North Island and the South Island; * the national market for the distribution of prescription and OTC pharmaceuticals; and * the national market for the provision of organisational services to retail pharmacies.

Chairman, John Belgrave said the Commission was satisfied that in each of these markets, sufficient competitive constraint would exist from other market participants to prevent a combined Zuellig/Sigma NZ from raising its prices above a competitive level, or reducing its service or quality.

The Commission found that there was at least one other competitor in each of the three geographic wholesaling markets. In addition, the Ministry of Health and PHARMAC have considerable countervailing power.

The Commission was also satisfied that any linking of Zuellig's and Sigma NZ's activities in the identified markets would not raise any dominance issues.


The Commerce Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market.

Parties can apply for a clearance, which the Commission will grant if it is satisfied that dominance is not acquired or strengthened.

A clearance, if granted, protects an acquisition from court action under the Act.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>