Home > Industry > Acquirement > ACCC Concerned Over Bunnings & Adelaide Tools Acquisition

ACCC Concerned Over Bunnings & Adelaide Tools Acquisition

The ACCC has today raised concerns over the stifling of competition if Bunnings successfully acquires Adelaide Tools and Oaklands Mower Centre.

The commission argues that Bunning already dominates in the tools and outdoor power equipment market in Adelaide and that the deal would give consumers less purchasing power.

‘Bunnings has a very powerful position in hardware, building supplies and home improvement,’ ACCC Chair Rod Sims said.

‘Since the exit of Woolworths’ Masters from the industry, Bunnings has grown rapidly and has become by far the leading player.’

(AAP Image/Joel Carrett)

‘The ACCC considers that tools specialists, such as Adelaide Tools, are Bunnings’ closest and strongest competitors for the supply of tools and outdoor power equipment, particularly to trade customers,’ he said.

‘Our preliminary view is that the proposed acquisition would stifle this competition.’

The ACCC said they will continue to consider the extent the possible acquisition would take on other tool and outdoor power equipment retailers, and if it would give Bunnings an unfair advantage of wholesale supply of tools in Australia.

The ACCC’s final decision is scheduled for 23 April 2020.

You may also like
Wesfarmers Shuts All Retail Stores In Melbourne For 6 Weeks
ACCC Release Framework For Google & Facebook To Pay Oz Media For Content
ACCC Loses TPG ‘Prepayment’ Appeal
Google Sued For Misleading Oz Consumers About Combining Personal Data
Bunnings Tops Oz Retail Online Searches In Pandemic