KEY POINTS:
New Zealand Investment Holdings (NZIH) has applied to the Commerce Commission for clearance to buy all the shares, or assets and business, of RX Plastics.
NZIH is the New Zealand holding company for the Aliaxis Group which manufactures plastic plumbing products for construction, industrial and public utilities applications throughout the world.
In this country, NZIH is most widely known through its subsidiary, Marley New Zealand which manufactures and distributes various plastic products, such as plastic pipes and plastic fittings, from plants in Auckland and Christchurch.
RX Plastics manufactures and distributes various irrigation products, water storage tanks and effluent disposal systems from plants in Ashburton and Hamilton.
The commission said its role in considering the application was to determine whether the acquisition had the effect of substantially lessening competition in a market.
- NZPA
