Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Gary Issacs, a General Manager at Bargain Building Supplies (Bargain Building Supplies), of the entire member's interest in Bargain Building Supplies. The proposed transaction is a management buyout over a going concern. 

Acquiring group: The primary acquiring undertaking is Garry Issacs, an individual employed as the Managing Director of Bargain Building Supplies. Gary Isaacs owns a member interest in Vinal Properties Number Fourteen CC, a property holding company.

Target undertaking: The primary target undertaking is Bargain Building Supplies which supplies building materials and related products. The company has operations in Gobabis, Katima Mulilo, and Otjiwarongo.

Relevant market: The Secretariat elected not to conclude on the market definition as Gary Isaacs replaces the Seller, Graeme Wells as the new owner of Bargain Building Supplies without change to the competitive landscape in Namibia. 

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition; does not result in any undertaking acquiring or strengthening a dominant position in the market and does not raise any public interest concerns.