Kegstar New Zealand has submitted a clearance application to the Commerce Commission for the proposed acquisition of Konvoy New Zealand’s assets.
Kegstar seeks to buy kegs, beacons attached to those kegs or held in inventory, and New Zealand keg records from Konvoy. The move comes after the latter was placed into receivership in March and went into liquidation in May.
The two companies supply beer kegs to breweries on a rental basis, as well as providing logistics services.
Owned by MicroStar Logistics, Kegstar operates across Australia, New Zealand, Europe and the US. Meanwhile, Konvoy’s operations only covered Australia and New Zealand.
The Commerce Commission will release a public version of the application on its website.
The regulator will only give clearance if it is satisfied that the deal is unlikely to have the effect of substantially lessening competition in a market.
