06/12/2025
's proposed acquisition of not opposed following transaction restructure
The ACCC will not oppose Igneo Infrastructure Partners’ proposed acquisition of Benedict Recycling Pty Ltd, following a change to the transaction addressing the ACCC’s preliminary competition concerns.
Igneo manages the infrastructure fund which owns Integrated Waste Services (IWS) and operates under the Recycle Central brand in New South Wales. IWS and Benedict Recycling overlap in the supply of building and demolition (B&D) waste processing services in New South Wales’s Newcastle region.
In September 2025, the ACCC expressed strong preliminary competition concerns that the proposed acquisition was likely to substantially lessen competition in the supply of mixed B&D waste processing services in the Newcastle region.“IWS and Benedict Recycling are each other’s closest competitors in the area, and there are limited alternatives to IWS and Benedict Recycling for customers to choose from,” ACCC Commissioner Dr Philip Williams said.....
http://infoblaze.com/news/details/115770
ACCC