The ACCC says it will not oppose the proposed acquisition of Hudson Building Supplies by Woolworths and Lowe’s, which operates Masters hardware stores.

Hudson operates a chain of stores in NSW and Queensland that supply building materials, hardware, and home improvement products.

The competition watchdog concluded the proposed acquisition would not be likely to substantially lessen competition in any local market for the retail supply of building supplies, hardware and home improvement products.

The ACCC said there would be a degree of overlap between Hudson and Masters supply of products, but that would likely be competitively constrained by a number of retail competitors in each of the relevant local markets following the proposed acquisition.