On 21 March 2012 the ACCC stated that it will not oppose Visy Industries Australia Pty Ltd's proposed acquisition of the PET and plastics assets of HP entities, which have had receivers and managers appointed. On 21 March 2012 the ACCC stated that it will not oppose Visy Industries Australia Pty Ltd's proposed acquisition of the PET and plastics assets of HP entities, which have had receivers and managers appointed.

Following market inquiries, the ACCC formed the view that customers had alternative options for the supply of PET and plastic containers other than the merged firm, and which were also independent of Pact Group Pty Ltd. While these manufacturers are not currently as large as HP or Pact Group Pty Ltd, the ACCC considered that the ability of these smaller manufacturers to expand to meet the requirements of medium-large customers meant that they were likely to provide a constraint on the merged firm.

The ACCC noted that receivers were appointed to the relevant HP entities on 6 December 2011 and that the receivers entered into arrangements with Visy a few weeks later. The ACCC acknowledged the importance of receivers acting promptly to realise the value of secured assets, but stressed that it is important that receivers are also aware of any potential competition concerns associated with the sale of businesses or assets when they are dealing and making arrangements with potential purchasers.