ComCom approves Cavalier Wool's acquisition of NZWI's wool scouring unit

Thu, 12 Nov 2015

By Tina Morrison Nov. 13 (BusinessDesk) - The Commerce Commission approved a plan for Cavalier Wool Holdings to acquire New Zealand Wool Services International's wool scouring business and assets. The decision affirms the antitrust regulator's draft determinations in March and October where it said the public benefits would outweigh the loss of competition. The number of wool scouring operators in New Zealand has been reducing amid a declining wool clip and increasing exports of greasy wool to China, the Wellington-based regulator said in...

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