Competition Commission clears frozen meals merger
The Competition Commission (CC) today issued its final report into the acquisition by Kerry Foods Limited of Headland Foods Limited. Before the merger, the companies were the two largest suppliers in the UK of frozen ready meals (FRMs), mainly to supermarkets. After a detailed investigation, the CC accepted Kerry’s case that retailers were able to find alternative sources of FRMs from other suppliers in the UK and on the Continent, so that there was no substantial lessening of competition.
Kerry was represented before the OFT by George Peretz and Ronit Kreisberger, and before the CC by John Swift QC and George Peretz.
For the Competition Commission’s inquiry page, with links to its report and the submissions of each of the parties, please click here.