Tennex applies for clearance to acquire San-i-pak

Media release

Issued 21 October 2015
Release no. 40

Tennex applies for clearance to acquire San-i-pak

Tennex Capital Limited (Tennex) has applied to the Commerce Commission for clearance to acquire the medical and quarantine waste business of San-i-pak Limited (San-i-pak).

Through its subsidiary, International Waste (IWL), Tennex provides medical and quarantine waste collection, treatment and disposal services. IWL also provide services in respect of the disposal and recycling of other products such as fluorescent tubes. It operates facilities for the treatment of medical and quarantine waste in Auckland, Wellington, Christchurch and Dunedin. IWL (directly itself and with the assistance of sub-contractors and third-parties) collects medical and quarantine waste on a national basis for processing at its treatment facilities.

San-i-pak provides medical and quarantine waste collection, treatment and disposal services, as well as general waste services. San-i-pak operates a single facility for the treatment of medical and quarantine waste in Christchurch. San-i-pak collects medical and quarantine waste primarily in the greater Canterbury region.

A public version of the application will be available shortly on the Clearances Register.

Background

When considering a proposed merger, the Commission must determine whether the competition that would be lost with the merger would be substantial.

We will give clearance to a proposed merger only if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

A fact sheet explaining how the Commission assesses a merger application is available on the clearances page.

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