Commerce Commission sets out potential competition issues with Can Plan buyout proposal stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Friday, 22 January 2021, 12:02 pm
The Commerce Commission has published a statement of
preliminary issues relating to an application from Can Plan
Nelson Limited (Can Plan) to acquire certain assets of
Nelmac Limited’s (Nelmac/s) waste collection business,
which trades as Betta Bins. These assets include two Side
Loader trucks, one Rear Loader truck, and pre-paid wheelie
bins, large bins and “pay-as-you go” rubbish bags
currently in circulation. The proposed transaction does not
involve the Betta Bins recycling business.
The
statement outlines the key competition issues that the
Commission considers important in deciding whether or not to
grant clearance to the proposed acquisition.
Marion van Dijk/Stuff
Can Plan owners Michael and Charmaine Boocock. Their Nelson family-run business is hoping for clearance from the Commerce Commission to buy the waste collection assets of Betta Bins. (File photograph)
Family-owned Nelson business Can Plan is seeking clearance from the Commerce Commission to buy the waste collection assets of Betta Bins from Nelson City Council-owned Nelmac Ltd. In its clearance application, rubbish collection business Can Plan says it wants to acquire Betta Bins to increase its scale so that it is in the “best position to compete with national/international waste collection companies like Smart [Environmental], Waste Management, EnviroWaste that control over 75 per cent of waste collection services in this country”.
Press Release – Commerce Commission The Commerce Commission has received a clearance application from Can Plan Nelson Limited (Can Plan) to acquire certain assets of Nelmac Limiteds (Nelmac/s) waste collection business, which trades as Betta Bins. These assets include two Side Loader …
The Commerce Commission has received a clearance application from Can Plan Nelson Limited (Can Plan) to acquire certain assets of Nelmac Limited’s (Nelmac/s) waste collection business, which trades as Betta Bins. These assets include two Side Loader trucks, one Rear Loader truck, pre-paid wheelie bins, large bins and “pay-as-you go” rubbish bags currently in circulation. The proposed transaction does not involve the Betta Bins recycling business.