Lubricant deal slips away as Commerce Commission nixes merger

Thu, 23 Apr 2015

April 24 (BusinessDesk) - The Commerce Commission has ruled against a merger that would have seen New Zealand's most popular brands of adult lubricant products merged under a single owner. The decision will slightly complicate the planned global deal in which Reckitt Benckiser Group, owners of Durex, are to purchase Johnson & Johnson’s K-Y brand and product assets. "The commission is not satisfied that the merger of Durex and K-Y would not have the likely effect of substantially lessening competition in the supply of personal lubricants t...

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