Com­mis­sion de­nies merger re­quest

The Star Early Edition - - BUSINESS NEWS - ANA

THE COM­PE­TI­TION Com­mis­sion yes­ter­day pro­hib­ited two merg­ers, whereby KwaZu­luNatal-based pack­ag­ing gi­ant, Cor­ruseal Group, in­tended to ac­quire two pri­vately-owned sheet board mak­ers, Boxlee and Pride Pak Pack­ag­ing.

Cor­ruseal owns vary­ing in­ter­ests in sev­eral busi­nesses, most of which op­er­ate in the in­dus­try for the man­u­fac­ture and sup­ply of pack­ag­ing prod­ucts, in­clud­ing con­tainer board pa­per, cor­ru­gated board as well as cor­ru­gated pack­ag­ing.

Jo­han­nes­burg-based Boxlee and Pride Pak man­u­fac­ture and sup­ply cor­ru­gated boxes and pack­ag­ing, in­clud­ing sin­gle face board, reg­u­lar slot­ted con­tain­ers, dye cut self-erect­ing con­tain­ers and trays.

The merger as­sess­ment pri­mar­ily fo­cused on co-or­di­nated ef­fects likely to arise in the mar­ket for the man­u­fac­ture and sup­ply of cor­ru­gated board and in the mar­ket for the man­u­fac­ture and sup­ply of cor­ru­gated pack­ag­ing.

The com­mis­sion said it had par­tic­u­larly con­ducted this as­sess­ment in light of on­go­ing col­lu­sion in­ves­ti­ga­tions in the in­dus­try and in the af­fected mar­kets.

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