Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Mainland applies to acquire Southern Fresh

Media Release

Issued 19 April 2001/40

Mainland applies for clearance to acquire Southern Fresh

The Commerce Commission has received an application from Mainland Products Limited for clearance to acquire Southern Fresh Milk Company Limited.

Commission Chair John Belgrave said that Mainland is 83 percent owned by the country's second largest dairy company, Kiwi Co-operative Dairies Limited. Kiwi has dairy industry interests throughout the country. Southern Fresh is an Invercargill-based processor and wholesaler of town milk. It also manufactures ice cream for export.

Mr Belgrave said that the Commission must determine what markets are relevant to the proposal, and then assess what impact the proposal would have on competition in those markets.

The Commerce Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market. The Commission will give a clearance if it is satisfied that dominance is not acquired or strengthened.

The Act gives the Commission 10 working days in which to make its decision. Working day 10 will be May 2. Public copies of Mainlands application will be available within a few days.

Media contact: Senior Advisor Communications Vincent Cholewa Phone work (04) 498 0920


Commission media releases can be viewed on its web site www.comcom.govt.nz

Regards Leo van Schyndel Records Officer Corporate Services Direct dial : (04) 498-0929 E-mail : leo.vanschyndel@comcom.govt.nz

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO:

Talking Up The Economy: NZD Gains On PM's Mistaken GDP Comment

Her comments were downplayed by her chief press secretary who said she was referring the government's June year financial statements and had "made a mistake." More>>

ALSO: