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


Crane Group applies for clearance

Media Release Issued 21 February 2008/no 112

Crane Group applies for clearance to acquire RX Plastics

The Commerce Commission has received an application from Crane Group Limited seeking clearance to acquire 100% of the shares in, or assets of, RX Plastics Limited. Crane Group is a manufacturer and distributor of plastic pipes and plastic pipeline systems, as well as various metal products including cast-iron fittings and valves.

It also supplies plumbing and electrical products through its wholesale and retail outlets which include MasterTrade, Corys and Mico Plumbing. Crane Group is listed on the Australian Stock Exchange and supplies products in both Australia and New Zealand. In New Zealand, Crane Group operates through its subsidiaries Iplex Pipelines New Zealand Pty Limited and Crane Distribution New Zealand Limited.

RX Plastics Limited manufactures various irrigation products, water storage tanks and effluent disposal systems, including plastic pipes. It manufactures and distributes these products from its plants in Ashburton and Hamilton.

In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in a market. A public version of the application will shortly be available on the Commission’s website under Public Registers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>