From Yahoo Finance: 2025-04-09 08:08:00

Woolworths gains ACCC approval for Beak & Johnston acquisition. The deal involves purchasing majority stakes in B&J City Kitchen Pty and Alors Holdings Pty, along with all of Beak & Johnston NZ Pty. Greenacre unit not included in acquisition. Beak & Johnston produces chilled and frozen foods under various brands.

ACCC review finds no substantial anti-competitive effects from Woolworths acquiring Beak & Johnston. Concerns included prioritizing Beak & Johnston products over rivals. Investigation shows other suppliers with similar capabilities remain in the market, ensuring competition. Smaller producers cater to niche segments. NZCC also assessing Woolworths’ clearance application.

NZCC expressed concerns over potential competition issues in wholesale and retail markets post-acquisition. ACCC notes NZCC reviewing Woolworths’ clearance application. Woolworths’ proposed acquisition of Beak & Johnston still under scrutiny. Regulators aim to ensure fair competition in food sector.

Read more: Australia regulator waves through Woolworths’ Beak & Johnston deal