Plastics Co. Pact Gets OK To Buy Viscount, With Conditions

Law360, New York (May 10, 2012, 7:56 PM EDT) -- New Zealand's competition watchdog on Thursday approved a deal for plastic packaging company Pact Group Pty Ltd. to buy the plastic pails business of rival Viscount Plastic (NZ) Ltd., but ordered Pact to sell off certain asserts.

The Commerce Commission gave its blessing for the two largest sellers of plastic pails in New Zealand to merge about a month after the Australian Competition and Consumer Commission decided it would not intervene to block the deal.

Both companies are based in Australia, though Viscount is a subsidiary...
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