Commission declines Bondor's application

Friday, 23 July 2004, 9:44 am
Press Release: Commerce Commission

Commission declines Bondor's application to acquire the insulated panel business of Long International

The Commerce Commission has declined a clearance application from Bondor New Zealand Limited to acquire the business assets of the insulated panel business of Long International Limited.

Bondor is involved in the manufacture of polystyrene blocks and sheets, polystyrene based architectural claddings and polystyrene insulated panels for use in temperature controlled structures.

Long International also manufactures polystyrene blocks and sheets, polystyrene based architectural claddings and polystyrene based insulated panels.

Chair Paula Rebstock said that the Commission could not be satisfied that the proposed acquisition would not have, nor be likely to have, the effect of substantially lessening competition in the South Island market for insulated panels.

The Commission's written decision on the application will shortly be available on the Commission's website, www.comcom.govt.nz , under Adjudication.

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