My shortlist (0 item)

    ACCC not to oppose proposed acquisition of Hudson Building Supplies

    Australian Competition and Consumer Commission

    The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Hudson Building Supplies Pty Limited (Hudson) by Woolworths Limited and Lowe’s Companies Inc (Joint Venture).

    Hudson is a chain of stores in New South Wales and Queensland supplying building materials, hardware, and home improvement products.

    ACCC Chairman Rod Sims explained that the proposed acquisition was not likely to substantially lessen competition in any local market for the retail supply of building supplies, hardware and home improvement products.

    According to the Commission, the primary customer segment serviced by Hudson is builders who have materials delivered to building sites, with some overlap between Hudson and the Joint Venture’s Masters stores in the supply of products and services to smaller trade customers from their respective retail outlets.

    While the degree of overlap in this customer segment was limited, ACCC found that the Joint Venture would likely be competitively constrained by a number of retail competitors in each of the relevant local markets following the proposed acquisition.

    Read Comments

    You May Also Like:


    Back to Top