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Australian waste management company Transpacific Industries is interested in buying more New Zealand operations, following its $870 million purchase of market leader Waste Management last year.
In the latest development a subsidiary of Transpacific is seeking Commerce Commission clearance to buy assets and businesses of Medi-Chem Waste Services.
The application related to operations that included the treatment, recycling and disposal of solvents, and the collection, treatment and disposal of other hazardous wastes, the commission said today.
It did not include businesses relating to medical, quarantine and infectious waste, or the collecting and recycling of lamps, amalgam and x-ray film and fluids.
Last month another subsidiary of Australian-listed Transpacific applied for clearance to buy the South Island business of company EnviroWaste and 50 per cent of Manawatu Waste.
In December EnviroWaste, New Zealand's second-largest rubbish collection and disposal company, was sold to Australian private equity company Ironbridge by Fulton Hogan.
Ironbridge had agreed to sell EnviroWaste's South Island assets and its 50 per cent share of Manawatu Waste to Transpacific, the commission said.
Ironbridge, which reportedly paid about $365m for EnviroWaste, would retain the balance of EnviroWaste's assets, in the North Island.
- NZPA
