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[July 2008]
CSR Building Products Applies for Clearance to Acquire Assets of Ross Roofing
Announced 3 July 2008, The Commerce Commission in New Zealand said it had received an application from CSR Building Products seeking clearance to acquire the Ross Roofing, Rosscrete Roofing Tiles and the Ross Brick & Pavers businesses of the Ross group of companies.
CSR Building Products is a wholly owned subsidiary of Rivarol Pty Limited. CSR’s building products division is involved in the manufacture of concrete roofing tiles and clay bricks – as well as the installation of complete roofs – on a nationwide basis.
The Ross Group is a group of privately owned companies. The companies subject to this acquisition are involved in the manufacture of concrete roofing tiles, the sales and distribution of clay bricks and the installation of concrete tiles, Italian clay tiles and metal tiles throughout the Auckland and Waikato regions of New Zealand.
In considering the application, the Commission’s role is to determine whether the acquisition has the effect of substantially lessening competition in the market.
www.comcom.govt.nz
ENDS