The Australian Competition and Consumer Commission will not oppose the merger of printers PMP and IPMG.
MORE: Hannan family merges PMP & IPMG
PMP and IPMG are both suppliers of heatset web offset printing services, which are used to print magazines and advertising catalogues.
“This was a finely balanced decision. While the ACCC considers that the merger is likely to lessen competition, we do not believe that it reaches the threshold of being a substantial lessening of competition,” ACCC Chairman Rod Sims said.
“Market conditions have changed since the ACCC opposed a proposed merger between PMP and IPMG in 2001. There has been a significant reduction in demand for magazine printing and there is excess capacity in the industry.”