Woolworths has submitted its plans to New Zealand’s rivals regulator to buy a clutch of property from Australia-based meals producer Beak & Johnston.
Australia’s largest grocer, a purchaser of Beak & Johnston, has already made an utility with its dwelling anti-trust physique.
The deal would not cowl all of Beak & Johnston’s enterprise. Consistent with the filings in every Australia and New Zealand, the company’s Greenacre unit should not be part of the proposed acquisition.
Beak & Johnston Greenacre gives sauces, soups, slow-cooked meats and completely different chilled ready meals.
Merely Meals has contacted Woolworths and Beak & Johnston to specify which property will sit exterior the transaction and provide particulars on their future possession.
The proposed acquisition would see Woolworths buy the 77% curiosity in B&J Metropolis Kitchen Pty Ltd and Alors Holdings Pty Ltd that it would not at current private, along with 100% of Beak & Johnson NZ Pty Ltd.
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Beak & Johnston operates manufacturing facilities in Australia and New Zealand, making chilled and frozen meals.
The company markets meals beneath producers along with Pitango, Artisano, Ready Chef, Beak & Sons and Vitality Meals Co. Beak & Johnston moreover produces private-label objects.
The Australian Rivals and Shopper Charge had consider to announce its decision on the deal on 18 December nevertheless the announcement has been delayed. On a uncover on the ACCC’s site, it talked about “will announce a revised provisional decision date in the end”.
New Zealand’s Commerce Charge plans to announce its decision on 12 March.