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


Clearance Application From Visy Industrial Plastic

Media Release

Issued 24 March 2003/04 / 099

Commission receives clearance application from Visy Industrial Plastics

The Commerce Commission has received an application from Visy Industrial Plastics (NZ) Limited seeking clearance to acquire the plastic packaging businesses and assets of ACI Operations NZ Limited.

Visy and its associated entities manufacture, distribute and supply:
* various polyethylene containers including pails;
* polyethylene terephthalate (PET) beverage containers; and
* aluminium beverage cans.

In addition, an associated entity, VisyPak Carton Systems, markets, distributes and services liquid paperboard cartons and filling equipment.

Visy seeks clearance to acquire ACI's business of manufacturing, distributing and supplying:
* PET beverage containers;
* PET food containers;
* plastic carbonated soft drink, water, food and hot-fill closures;
* pails; and
* crates.

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

Visy is a New Zealand company wholly owned by Visy Industrial Holding (NZ) Limited, which is owned by Australian company Visy Industrial Packaging Holdings Pty Limited.

ACI is a New Zealand company wholly owned by Owens-Illinois (NZ) Limited, which is owned by ACI International Pty.

A public version of Visy application will be available shortly on the Commission's website under Adjudication.

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news