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The Competition Commission today issued its Provisional Findings in the Kerry/Headland merger inquiry. Kerry Foods Limited (part of the Kerry Group) and Headland Foods Limited were both leading suppliers of frozen ready meals (FRMs) to UK supermarkets. Kerry purchased Headland’s FRM business in January 2011. The Commission stated that, in its view, events since the merger demonstrated that customers were able to source FRMs from alternative suppliers, so that the merger would not be expected to result in a substantial lessening of competition.
The Competition Commission is now seeking comments on its Provisional Findings, and a final report is due in December 2011.
John Swift QC and George Peretz have been acting for Kerry in the inquiry.