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

 

Commission declines Bondor's application

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.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: