Published 15 November 2007The Commerce Commission has cleared listed Cavalier Corporation Ltd & privately held Norman Ellison Holdings Ltd to form a joint-venture company that will acquire he carpet businesses of Norman Ellison & its subsidiaries.
Commission chairman Paula Rebstock said the commission was satisfied the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.
Cavalier manufactures & distributes broadloom carpets to domestic & export markets. Norman Ellison makes yarn & carpet with tufting machinery & a yarn-spinning plant in Auckland.
Attribution: Company statement, story written by Bob Dey for this website.