Applicant
Impress New Zealand Holdings Limited
Case number(s)
200720047
Decision date
Type
Decision
Decision number200720047
Application number200720062
Date24 October 2007
Offeror/applicantImpress New Zealand Holdings Limited
Ultimate applicant beneficial ownership62.1 percent - United Kingdom, United Kingdom Public
32.78 percent - Netherlands, Dutch Public
3.87 percent - United States of America, United States Public
1.25 percent - Various, Various overseas persons
Beneficial overseas ownership 
- Asset currentN/A
- Asset proposedN/A
- Share current100 percent
- Share proposed100 percent
Offeree(s)/seller(s)Amcor Packaging (NZ) Limited
100 percent - Australia, Amcor Limited
Business activitiesManufacturing - Other
Details of land involvedNone
Regions involvedVarious
Total consideration$16,790,936
Consent soughtTo acquire up to 100 percent of the shares of Rocma FCA (NZ) Limited.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987.

Background:
Impress New Zealand Holdings Limited (Impress) is a wholly owned subsidiary of Impress Group B.V. a global market leader in the consumer metal packaging industry. Its areas of operation include the provision of metal packaging in the markets for food and dairy, paints and coatings and aerosols, primarily in Europe, Asia and the United States of America.

Outline and Rationale for Proposed Investment:
The proposed investment involves the purchase of an established New Zealand food-can and aerosol manufacturing business that is complementary to Impress Group B.V.'s overseas operations. The proposed acquisition of Rocma FCA (NZ) Limited (Rocma NZ) will allow Impress access into the New Zealand market.

ContactGlenn Joblin/Ryan Ellis
Bell Gully
P O Box 4199
AUCKLAND 1140