Clearance application from CB Norwood Distributors

Monday, 26 April 2004, 4:17 pm
Press Release: Commerce Commission

Media Release

Issued 26 April 2003-04 / 114

Commission receives clearance application from CB Norwood Distributors

The Commerce Commission has received an application from CB Norwood Distributors Limited seeking clearance to acquire the New Zealand business of CNH Australia Pty Limited with respect to the importation, purchasing, marketing, distribution, selling and support of Case IH branded agricultural equipment and spare parts in New Zealand.

CNH's parent company is CNH Global NV, which is active in the manufacturing of the New Holland and Case IH brands of agricultural tractors, equipment and spare parts internationally.

In New Zealand, CNH imports, markets and distributes Case IH branded agricultural tractors, equipment and spare parts direct to independent regional dealers.

CB Norwood is involved in the importation, marketing, distribution, selling and support of the New Holland brand of agricultural tractors, equipment and spare parts to a dealer network of company-owned branches and independent dealers. CNH also distributes the Kubota brand and to a lesser extent the Ferrari tractor brand, as well as a wide range of other agricultural equipment imported from different suppliers.

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

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

ENDS

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