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Clearance granted to CB Norwood Distributors

Media Release

Issued 18 May 2003

Commission grants clearance to CB Norwood Distributors

The Commerce Commission has cleared CB Norwood Distributors Limited 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.

In New Zealand, CNH imports, markets, distributes and sells the Case IH brand of agricultural tractors, equipment and spare parts 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.

Chair Paula Rebstock said that the Commission was satisfied that the proposed acquisition would not have, nor would be likely to have, the effect of substantially lessening competition in the distribution and retail supply of new agricultural tractors and spare parts due to sufficient existing competition.

“The Commission also considered the distribution and retail supply of agricultural machinery such as disc harrows, combine harvesters and hay balers and found no likelihood of a substantial lessening of competition as a result of the proposed acquisition,” Ms Rebstock said.

A public version of the Commission’s decision will be available shortly on www.comcom.govt.nz under Adjudication.

ENDS


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