Cargill Australia Ltd - proposed acquisition of Goodman Fielder's commercial fats and oils business
Type of assessment
Informal Review
Reference
39691
Acquirer(s)
Cargill Australia Ltd
Target(s)
Goodman Fielder's commercial fats and oils business
Industry
Food manufacturing - edible oils
Summary
Cargill proposed to acquire Goodman Fielder's commercial edible fats and oils business. The proposed acquisition included four refining facilities for fats and oils, and a long term supply agreement under which Cargill would supply refined fats and oils products to Goodman Fielder.
Outcome of assessment
Opposed
Total review days *
74
Commenced public review
10th December 2009
Date completed
31st March 2010
Market definition
Please see attached Public Competition Assessment
Competition analysis
Please see attached Public Competition Assessment
Public competition assessment
Public Competition Assessment 11th May 2010 D10+3609844.pdf (144.4 KB)
Statement of issues
Statement of Issues 18th February 2010 D10+2906657.pdf (85.6 KB)
The ACCC today announced that it intends to oppose the proposed acquisition of Goodman Fielder's ...
Issued: 31st March 2010 Release # NR 067/10
Review timeline
Date
Event
10th December 2009
ACCC commenced review under the Merger Review Process Guidelines.
22nd January 2010
Closing date for submissions from interested parties.
18th February 2010
ACCC published a Statement of Issues outlining preliminary competition concerns.
24th February 2010
Former proposed date for announcement of ACCC's findings, amended to allow for Statement of Issues.
4th March 2010
Closing date for submissions relating to Statement of Issues.
11th March 2010
Former proposed date for announcement of ACCC's findings of 18 March 2010 amended to allow for consideration of further information provided by the merger parties and market participants and allow for any necessary additional inquiries.
31st March 2010
ACCC announced it would oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
