Sonoco’s clearance application to acquire T.T.L Pacific

Media Release

Issued 03 December 2010/no 068

Statement of preliminary issues available for Sonoco’s clearance application to acquire T.T.L Pacific

The Commerce Commission has published a statement of preliminary issues relating to an application received from Sonoco New Zealand Limited seeking clearance to acquire T.T.L Pacific Limited. Both companies manufacture glued paper cores and tubes which are used for packaging.

The statement of preliminary issues outlines the key competition issues the Commission currently considers will be important in deciding whether to grant clearance. The Commission’s statement of preliminary issues and the public version of the application can be accessed via the Commission’s website at www.comcom.govt.nz/clearances-register

The Commission invites submissions from parties who consider that they have information relevant to the Commission’s consideration of this matter. Submissions can be sent to registrar@comcom.govt.nz with the reference Sonoco/T.T.L Pacific in the subject line of your email or to PO Box 2351, Wellington 6140 by Friday 10 December 2010.

Background

Sonoco New Zealand Limited manufactures and supplies glued paper-based cores, tubes and packaging for the cores around which products such as cling film, tapes, carpets, paper and newsprint are wound. They also manufacture and supply cylindrical packages for consumer products and construction formers for the manufacture of concrete pillars and other cavities in solid concrete. It has three manufacturing plants that are located in Auckland, Kawerau and Christchurch.

T.T.L Pacific Limited is a privately owned company. It supplies a smaller range of glued paper cores and tubes. Its sole manufacturing plant is in Auckland.

ENDS

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