ACCC rejects Pacific Brands' acquisition of Joyce

The ACCC's decision follows a period in which extensive consultation occurred between the ACCC, Pacific Brands and Joyce. This period commenced in November 2004 and involved detailed submissions and competition analysis from both Pacific Brands and Joyce. The ACCC also sought submissions from other interested parties.

As a result of the ACCC's decision, Pacific Brands will not acquire Joyce's foam operations.

Pacific Brands' recent full year profit guidance remains unchanged.

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