Woolworths has submitted its plans to New Zealand’s competition regulator to buy a clutch of assets from Australia-based food manufacturer Beak & Johnston.
Australia’s largest grocer, a customer of Beak & Johnston, has already made an application with its domestic anti-trust body.
The deal does not cover all of Beak & Johnston’s business. According to the filings in both Australia and New Zealand, the company’s Greenacre unit is not part of the proposed acquisition.
Beak & Johnston Greenacre supplies sauces, soups, slow-cooked meats and other chilled ready meals.
Just Food has contacted Woolworths and Beak & Johnston to specify which assets will sit outside the transaction and provide details on their future ownership.
The proposed acquisition would see Woolworths buy the 77% interest in B&J City Kitchen Pty Ltd and Alors Holdings Pty Ltd that it does not currently own, as well as 100% of Beak & Johnson NZ Pty Ltd.
Beak & Johnston operates manufacturing facilities in Australia and New Zealand, making chilled and frozen food.
The company markets food under brands including Pitango, Artisano, Ready Chef, Beak & Sons and Strength Meals Co. Beak & Johnston also produces private-label items.
The Australian Competition and Consumer Commission had planned to announce its decision on the deal on 18 December but the announcement has been delayed. On a notice on the ACCC’s website, it said “will announce a revised provisional decision date in due course”.
New Zealand’s Commerce Commission plans to announce its decision on 12 March.
“NZ regulator to study Woolworths’ plan to buy Beak & Johnston assets” was originally created and published by Just Food, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
