Poultry supplier Inghams Enterprises has received clearance from New Zealand’s competition regulator the Commerce Commission to acquire the assets of Cobb Commercial and Riverland businesses of Bromley Park Hatcheries.
Commerce Commission chair, Dr John Small, said the commission was “satisfied” that the acquisition is “unlikely to substantially lessen competition” in any New Zealand market.
“Our assessment of the proposed acquisition focused on the supply of day-old chicks to poultry growers and processors.
“After careful consideration of all of the relevant factors, the commission is satisfied that the proposed acquisition is unlikely to substantially lessen competition when compared to the situation if the proposed acquisition does not proceed.”
Inghams Enterprises’ New Zealand subsidiary is part of Inghams Group – an Australian-headquartered poultry company – will now acquire the Cobb Commercial and Riverland business assets which run operations in the North Island of New Zealand.
Bromley Park Hatcheries is a producer of day-old chicks and has breeder farms and a hatchery.
