MicroStar Logistics / KonvoyMN-30003

Parties

Summary

Kegstar Pty Limited, a MicroStar Logistics subsidiary, is acquiring Australian assets from Konvoy Holdings Pty Limited (under receivership/DOCA). This asset acquisition includes kegs, tracking technology, employees, and a repair facility. Both companies provide keg management services, including pay-per-fill and longer-term leasing, to breweries in Australia.

Acquisition details

Acquisition This notification concerns the proposed acquisition of certain Australian assets of Konvoy Holdings Pty Limited (Receivers and Managers Appointed) (Subject to Deed of Company Arrangement) ( Konvoy ) by Kegstar Pty Limited ( Kegstar ), a wholly owned subsidiary of MicroStar Logistics, LLC ( Acquisition ). The Australian assets which are proposed to be acquired pursuant to the Acquisition include: (a) kegs; (b) keg tracking technology hardware and software (known as 'Katch'); (c) select employees; and (d) a keg repair and maintenance facility. The Parties MicroStar Logistics, LLC, is a limited liability company incorporated in the United States and is indirectly wholly owned by MStar Holding Corporation. MicroStar entered the Australian market in 2021 via the acquisition of Kegstar from Brambles. In Australia, Kegstar primarily offers a pay-per-fill keg management service (PPF). It also offers longer-term keg leasing. Konvoy operates a keg services business in Australia and New Zealand. It offers short-term keg leasing (on a PPF basis), longer-term keg leasing, and keg maintenance and repair services. Summary of horizontal and vertical overlaps The Parties are both suppliers of PPF services and, to a much lesser extent, longer term keg leasing to brewery customers in Australia. There is no vertical overlap between the parties.

Consultation

The period for providing submissions or information in response to the ACCC’s Phase 2 Notice has concluded.