The Commission has received an application for the Wallace Group Limited Partnership (Wallace Group) to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands. This comprises Farm Brands Limited, Farm Brands Asset Management Limited and South Canterbury By-Products (2009) Limited) and Keep It Clean Limited.
The Commission has received an application for the Wallace Group Limited Partnership (Wallace Group) to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands. This comprises of Farm Brands Limited, Farm Brands Asset Management Limited and South Canterbury By-Products (2009) Limited) and Keep It Clean Limited.
The assets the Wallace Group is proposing to acquire include the rendering plants owned by: Wallace Corporation Limited in Waitoa (North Waikato) and Hororata (Canterbury); Farm Brands in Timaru and Mosgiel; and Keep It Clean in Dunedin.
Rendering involves the processing of animal waste materials into various finished products, such as animal feed and tallow.
The merging parties are each involved in the purchase and collection of animal waste material (including the collection of shop and casualty material), the toll processing of animal waste material on behalf of customers supplying the material, and the sale of finished product produced from rendering.
A public version of the application will be available shortly on our Clearances Register.
Background
When considering a proposed merger, the Commission must determine whether the competition that would be lost with the merger would be substantial.
We will give clearance to the proposed merger only if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
A fact sheet explaining how the Commission assesses a merger application is available on the clearances page.
