The Australian Competition Authority unconditionally clears a merger between two plastic container producers (Pact Group / Synergy Packaging)

Pact Group’s acquisition of Synergy Packaging not opposed* The ACCC will not oppose the proposed acquisition of Synergy Packaging Pty Ltd by Pact Group Holdings Ltd (ASX:PGH). Both Pact and Synergy manufacture and supply non-beverage rigid PET plastic containers. “Our investigation concluded that Pact is not a close competitor of Synergy and the acquisition was not likely to substantially lessen competition,” ACCC

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Australian Competition Authority, The Australian Competition Authority unconditionally clears a merger between two plastic container producers (Pact Group / Synergy Packaging), 20 May 2022, e-Competitions May 2022, Art. N° 106859

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