Commission grants clearance to Visy Ind. Plastics
Issued 27 May 2003-04/126
Commission grants clearance to Visy Industrial Plastics
The Commerce Commission has cleared Visy Industrial Plastics (NZ) Limited 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 and polyethylene terephthalate (PET) beverage containers.
Visy’s application related to the acquisition of ACI’s business of manufacturing, distributing and supplying PET beverage and food containers; plastic carbonated soft drink, water, food and hot-fill closures; pails; and crates.
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 national market for the manufacture and supply of PET bottles for non-alcoholic beverages.
A public version of the Commission’s decision will be available shortly on www.comcom.govt.nz under Adjudication.
Commission media releases can be viewed on its web site www.comcom.govt.nz