Sharechat Logo

NZIH applies for RX Plastics clearance

Wednesday 13th February 2008

Text too small?
The Commerce Commission has received an application from New Zealand Investment Holdings Limited (NZIH) seeking clearance to acquire 100% of the shares, or assets and business, of RX Plastics Limited.

NZIH is the New Zealand holding company for the Aliaxis Group. The Aliaxis Group manufactures plastic plumbing products for construction, industrial and public utilities applications throughout the world. In New Zealand, NZIH is most widely known through its subsidiary, Marley New Zealand Limited. Marley manufactures and distributes various plastic products, such as plastic pipes and plastic fittings, from its plants in Auckland and Christchurch.

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.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

28th October 2021 Morning Report
Wellington Drive Technologies Limited (NZX: WDT) Performs Strongly in Q3-2021
Ryman Healthcare Limited (NZX: RYM) Acquires Extensions to Two Existing Victorian Sites
Promisia Healthcare Limited (NZX: PHL) Banking Covenant Update
Pictor Limited Announces Start of US Clinical Trials for SARS-CoV-2 Serology Test
Arvida Group Limited (NZX: ARV) Opening of Rights Offer
Move Logistics Group Limited (NZX: MOV) Announces $40m Capital Raise
27th October 2021 Morning Report
The a2 Milk Company Limited (NZX: ATM) Investor Day 2021
Contact Energy Limited (NZX: CEN) Considers Green Capital Bond Offer