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


Fletcher applic'n to acquire Stevensons declined

Media Release

Issued 15 September 2005 / no 032

Commission declines application by Fletcher to acquire Stevensons Building Products

The Commerce Commission has declined to grant clearance for Fletcher Concrete and Infrastructure Limited to acquire certain business assets that comprise the Stevensons Building Product Division of W Stevenson and Sons Limited.

Chair Paula Rebstock said that the Commission was not satisfied that the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in the New Zealand market for cement.

In terms of the Auckland precast and readymix concrete markets, the Commission was satisfied that the proposed acquisition would not have, nor would be likely to have, the effect of substantially lessening competition.

The Commission was also satisfied that the acquisition would not have, nor would be likely to have, the effect of substantially lessening competition in the Northland, Auckland and Christchurch masonry products markets. These masonry markets are subject to the divestment of Stevensons’ masonry plants and supply yards in Auckland and Christchurch.

However, the Commission needed to consider the effect in all the relevant markets, Ms Rebstock said. The Commission was not satisfied the acquisition would not be likely to substantially lessen competition in the New Zealand market for cement, therefore the acquisition as a whole could not be cleared.


Fletcher is a building materials manufacturer and distributor with a diverse range of operations. Key areas relevant to this application are its operations in cement supply, masonry products, precast products and readymix.

Stevensons building products division’s key business activities are the manufacture and supply of concrete products in Northland, Auckland and Christchurch. It also has retail sales yards in Auckland and Christchurch.

A public version of the Commission’s decision will shortly be available on the Commission’s website under Adjudication:


Commission media releases can be viewed on its web site

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news