Acquirer(s)
- Coles Group Limited
Target(s)
- Fresh milk processing facilities from Saputo Dairy Australia Pty Ltd
Summary
Summary
Coles Group Limited (ASX: COL) (Coles) proposes to acquire two fresh milk processing facilities from Saputo Dairy Australia Pty Ltd (Saputo).
Saputo produces and wholesales a wide range of dairy products from processing facilities across Australia.
Coles proposes to acquire Saputo’s facilities in Laverton North (Victoria) and Erskine Park (New South Wales). These facilities produce fresh milk for Saputo’s Devondale brand, and for other parties, including Coles, for on-sale as own brand products.
Market inquiries
The ACCC has published a Statement of Issues outlining preliminary competition concerns in relation to the proposed acquisition.
The ACCC invites submissions on its Statement of Issues by 3 August 2023.
Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: "Submission re: Coles/Saputo processing facilities - attention Nicholas Wellfare".
For more details, please refer to the Statement of Issues published below.
Market inquiries
| Document title | Date | |
|---|---|---|
| Market Inquiries Letter |
Statement of issues
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Timeline suspended pending receipt of information from the parties. Former provisional date for announcement of ACCC's findings (14 September 2023) is delayed. The ACCC will announce a proposed decision date in due course. |
Project staff
- Nicholas Wellfare