Acquirer: Inghams Enterprises Pty Ltd; Target: Chickadee Foods Pty Ltd

Summary

Inghams Enterprises P/L seeks to acquire the remaining shares in Chickadee Foods P/L. Inghams has owned a 26% share in the company since 1988

Market definition

The market was considered to be the national market for processed chicken meat products

Competition analysis

On the basis of the information supplied by the parties and market inquiries the proposed acquisition does not appear to result in a substantial lessening of competition in the relevant market for the following reasons
(1) Other market participants are able to compete effectively for supply contracts
(2) Customers exercise a signficant degree of market power
(3) Vertical integration is not necessary to compete effectively in the market

Merger type

Shareholding

Guidelines thresholds

Crossed

Imports above 10%

No

Initiation

Parties

ANZSIC code

2112