The Australian Competition and Consumer Commission will not intervene in the acquisition of Steggles Limited by the NSW based Bartter Enterprises Pty Limited, ACCC Chairman, Professor Allan Fels, announced today.
"The ACCC has conducted market inquiries, speaking to firms throughout the chicken industry, following media speculation of a possible merger," he said.
"Competitively priced chicken is important for households and businesses as it is sold in many supermarkets, fast food shops and restaurants.
"During inquiries, the ACCC spoke to a number of growers, processors and major customers. These discussions indicated that the acquisition would be unlikely to result in a significant reduction in competition in the industry.
"It was on the basis of its recent inquiries and previous ACCC experience in the poultry industry that the ACCC decided not to intervene in the acquisition," he said.
"The ACCC has conducted market inquiries, speaking to firms throughout the chicken industry, following media speculation of a possible merger," he said.
"Competitively priced chicken is important for households and businesses as it is sold in many supermarkets, fast food shops and restaurants.
"During inquiries, the ACCC spoke to a number of growers, processors and major customers. These discussions indicated that the acquisition would be unlikely to result in a significant reduction in competition in the industry.
"It was on the basis of its recent inquiries and previous ACCC experience in the poultry industry that the ACCC decided not to intervene in the acquisition," he said.