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Australian company TransPacific Industries has applied for approval to buy part of EnviroWaste Services, having previously been told it could not buy all of EnviroWaste's South Island assets and businesses.
The Commerce Commission said yesterday that TransPacific had made two applications concerning the businesses and assets of EnviroWaste, a wholly owned subsidiary of Australian private equity provider Ironbridge Capital.
The first was to buy EnviroWaste's solid waste collection businesses in Blenheim and Nelson. The second was for EnviroWaste's solid waste businesses in Oamaru and Timaru.
TransPacific's application for all EnviroWaste's South Island assets and for up to half of Manawatu Waste were turned down by the commission this year.
In its decision, the commission said that had TransPacific been cleared to go ahead with that deal, several markets would have suffered.
Last week, the commission cleared TransPacific to acquire the parts of Medi-Chem Waste Services that relate to the collection, treatment and disposal of hydrocarbon, miscellaneous chemical and intractable wastes.
That application was one of two made by TransPacific for parts of Medi-Chem. It was made after Transpacific withdrew an earlier application that had covered both parts of the Medi-Chem business it was seeking clearance to buy.
TransPacific's second application for Medi-Chem, on which the commission has yet to rule, covers solvent treatment, recycling and disposal.
- NZPA
