CMA publishes statement of issues over Pork Farms Caspian / Kerry Foods merger
The CMA has published an issues statement following its referral of Pork Farms Caspian Limited’s completed acquisition of Kerry Foods’ CSP business for an in-depth phase 2 investigation on 5 January 2015.
The inquiry group of Competition and Markets Authority (CMA) panel members must decide whether a relevant merger situation has been created and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the UK for goods or services. The inquiry group must report by 21 June 2015.
Pork Farms’ and Kerry Foods’ chilled savoury pastry (CSP) business both manufacture and supply branded and own label CSP pork products to the food retail sector. The CSP sector includes a range of products, such as cold pies, sausage rolls, pasties, slices, hot pies, quiches and scotch eggs, and is worth approximately £1 billion a year.
The issues statement identifies clearly for all interested parties the key questions which the inquiry is examining. The issues statement does not imply that the inquiry group has yet identified any competition concerns. The full issues statement is available on the investigation case page along with all other published information relating to the investigation.
Anyone wishing to respond to the issues statement should do so in writing, by no later than 5pm on 20 February 2015. Please email PorkFarms.Kerry@cma.gsi.gov.uk or write to:
Project Manager
Pork Farms / Kerry Foods merger inquiry
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD