Acquirer: Australian Dried Fruits Sales Pty Ltd (Sunbeam Foods); Target: Irymple Packing Pty Ltd, Mildura Co-operative Fruit Company Ltd The

Summary

Sunbeam Foods (a marketing operation) proposes to acquire the dried vine fruit operations of the processors and packers Irymple (IPPL) and Mildura Co-op (MCFC). IPPL and MCFC each own 50% of the issued capital of Sunbeam Foods.

Market definition

Market for processing/packing of dried vine fruit; market for marketing of dried vine fruit

Competition analysis

Under this proposal, Sunbeam Foods is acquiring the two companies which jointly own it. These two shareholders are acquirers, processors and packers of dried vine fruit (sultanas, raisins and currants) and Sunbeam Foods is a marketer of these products. These acquisitions will result in increased concentration in processing of dried vine fruit. However, there is a significant proportion of imports of dried vine fruit into Australia. At the date of these acquisitions, imports account for approximately 45% of local consumption of dried vine fruit.

Guidelines thresholds

Unknown

Imports above 10%

Yes

Initiation

Parties

ANZSIC code

0119