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Commission closes investigation into Beijer acquisitions
The Commerce Commission has closed its investigation into Beijer Ref AB’s 2018 acquisition of Heatcraft New Zealand Limited, and its 2019 acquisition (via its subsidiary Kirby NZ Limited) of a right to import hydrofluorobcarbons (HFCs) into New Zealand (the acquisitions). Beijer completed both transactions without seeking clearance or authorisation from the Commission.
In May 2018 Beijer acquired Heatcraft NZ, and immediately sold the Heatcraft NZ assets to Reece New Zealand Limited. Heatcraft NZ (which remained under the ownership of Beijer) was renamed Kirby NZ Limited. At the time, Beijer and Reece were major importers and wholesalers of refrigerants, refrigeration equipment and related components in New Zealand.
Press Release – Commerce Commission The Commerce Commission has closed its investigation into Beijer Ref ABs 2018 acquisition of Heatcraft New Zealand Limited, and its 2019 acquisition (via its subsidiary Kirby NZ Limited) of a right to import hydrofluorobcarbons (HFCs) into New Zealand …
The Commerce Commission has closed its investigation into Beijer Ref AB’s 2018 acquisition of Heatcraft New Zealand Limited, and its 2019 acquisition (via its subsidiary Kirby NZ Limited) of a right to import hydrofluorobcarbons (HFCs) into New Zealand (the acquisitions). Beijer completed both transactions without seeking clearance or authorisation from the Commission.
In May 2018 Beijer acquired Heatcraft NZ, and immediately sold the Heatcraft NZ assets to Reece New Zealand Limited. Heatcraft NZ (which remained under the ownership of Beijer) was renamed Kirby NZ Limited. At the time, Beijer and Reece were major importers and wholesalers of refrigerants, refrigeration equipment and related