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Commission Considering Vita NZ Application

Commission Considering Vita NZ Application

The Commerce Commission has received an application from Vita New Zealand seeking clearance to acquire the New Zealand foams, flooring and bedding businesses of Pacific Brands.

Vita is a privately owned company active in the manufacture of foam and a range of furniture and consumer products.

Pacific Brands is listed on both the Australian and the New Zealand Stock Exchanges. Its activities in New Zealand include the manufacture and importation of foam and the manufacture of bedding.

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 www.comcom.govt.nz under Public Registers.

ends

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