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Burns Philp applies to acquire Goodman Fielder Ltd

Burns Philp applies to acquire Goodman Fielder Limited

The Commerce Commission has received an application from Burns Philp & Company Limited for clearance to acquire up to 100% of the share capital of Goodman Fielder Limited.

Burns Philp is an international manufacturer and supplier of yeast, other bakery ingredients, and herbs and spices. It supplies both branded consumer products and industrial food ingredients. Although based in Australia, it operates in New Zealand through its subsidiary NZ Food Industries Ltd. Burns Philp’s major shareholder is Rank Group Ltd which through its subsidiary NZ Dairy Foods Ltd supplies Anchor, Fernleaf dairy products and margarines together with other dairy products.

Goodman Fielder is an Australian based branded food company with operations in Australia, New Zealand and the Asia-Pacific region. In New Zealand, Goodman Fielder supplies the following well known supermarket brands: bread and bakery products (eg Quality Bakers, Vogel’s, Freya’s, Ernest Adams); margarine (eg Meadow Lea) edible oils (eg Gold “N” Canola); and cereals and snacks (eg Uncle Toby’s, and Bluebird).

In considering the application under the Commerce Act, the Commission’s role is to determine whether the merger has the effect of substantially lessening competition in any market.

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