FDBusiness.com

Pork Farms/Kerry Foods Merger Provisionally Cleared

 Breaking News
  • Orkla Moves into New HQ Orkla, the Nordic region’s largest branded consumer goods company, has moved into new headquarters in Oslo, Norway. The move marks a new era in the company’s history, with Orkla’s businesses in Norway now assembled under one roof. More than 900 Orkla employees are based in the new office premises. “The building we are now moving into is [...]...
  • New Heads For Carlsberg Group’s European Businesses Lars Lehmann has been appointed as Executive Vice President (EVP) for Carlsberg Group’s Eastern European region and as a member of the global brewer’s Executive Committee (ExCom). He will replace Jacek Pastuszka, who will change from EVP Eastern Europe to Western Europe, while current Western Europe EVP Chris Warmoth reverts to Group Strategy as EVP. Effective [...]...
  • Rising Prices Drive Irish Grocery Sales Growth The latest figures from Kantar Worldpanel show the Irish grocery market grew by 3.5% in the 12 weeks to 24 February 2019, putting the sector on a solid footing as the UK finalises preparations to leave the EU. After a prolonged period of deflation, an upward trajectory in grocery prices is making a significant contribution [...]...
  • New EU Rules to Ensure Fairness in the Food Supply Chain The European Parliament has approved a new set of EU rules that will blacklist practices, such as late payments for delivered products, late unilateral cancellations or retroactive order changes, refusal by the buyer to sign a written contract with a supplier and the misuse of confidential information. Threats of retaliation against suppliers, for instance delisting [...]...
  • Mondelēz International Invests in Prebiotic Functional Snacks Mondelēz International has taken a minority investment in Uplift Food, a US-based early-stage start-up focusing on prebiotic functional foods. This is the first venture investment the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. A key pillar of the company’s consumer-centric growth [...]...

Pork Farms/Kerry Foods Merger Provisionally Cleared

Pork Farms/Kerry Foods Merger Provisionally Cleared
April 24
12:04 2015

The UK Competition and Markets Authority (CMA) has provisionally cleared the completed acquisition by Pork Farms Caspian of the chilled savoury pastry business of Kerry Foods. The acquisition, for an undisclosed price, incorporates Kerry Foods’ manufacturing assets at Poole, Dorset, and Spalding, Lincolnshire.

Pork Farms Group, through the Pork Farms Caspian subsidiary, and Kerry Foods’s chilled savoury pastry (CSP) business both manufacture and supply branded and own-label CSP products to customers such as supermarkets, convenience stores and wholesalers. CSP products include cold pies (such as pork pies), sausage rolls, pasties, slices, hot pies, quiches and scotch eggs, and are worth approximately £1 billion a year.

The merger was referred for an in-depth investigation in January 2015, to be carried out by an inquiry group of CMA independent panel members. The CMA has provisionally concluded that the merger has not resulted, and may not be expected to result, in a substantial lessening of competition, and hence higher prices or lower quality for retailers or consumers for the products affected by the merger: hot pies, cold pies, sausage rolls, and pasties and slices.

John Wotton, Chair of the Pork Farms Caspian/Kerry Foods merger group, says: “Given the size of the sector and the popularity of these products, the fact that two of the largest suppliers had merged meant it was important for us to have the chance to examine in detail the possible effects on retailers and, by extension, consumers. However, on the basis of the evidence we have seen, we do not think either retailers or consumers will lose out from the merger.”

The inquiry group must publish its final decision by 21 June 2015.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements