Valeo Foods / Tangerine Confectionery merger inquiry

The CMA is investigating the completed acquisition by Valeo Foods (via its subsidiary Rowse Honey Limited) of Taurus 3 Limited (a holding company of Tangerine Confectionery Group Limited).

• From: Competition and Markets Authority
• Published: 22 August 2018
• Last updated: 10 October 2018 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Food manufacturing
• Outcome: Mergers - phase 1 clearance
• Opened: 22 August 2018
• Closed: 21 December 2018

Statutory timetable

Phase 1 Date	Action
5 December 2018	Decision announced
10 October to 24 October 2018	Invitation to comment
10 October 2018	Launch of merger inquiry
16 August 2018	Initial enforcement order

Phase 1

CMA clearance decision

5 December 2018: The CMA has cleared the completed acquisition by Valeo Foods of Taurus 3 Limited.

• Full text decision (21.12.18)

Invitation to comment: now closed

10 October 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

10 October 2018: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (10.10.18)

Initial enforcement order

On 16 August 2018, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Valeo Foods UK Limited, Valeo Foods (Group) and Rowse Honey Limited, in relation to the completed acquisition by Valeo Foods (via its subsidiary Rowse Honey Limited) of Taurus 3 Limited (a holding company of Tangerine Confectionery Group Limited).

• Initial enforcement order (22.8.18)

Amendments/consents granted:

• Derogation 20 August 2018 (29.8.18)

Contact

Please send written representations about any competition or public interest to:

Nick Wright
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

nick.wright@cma.gov.uk

Published 22 August 2018
Last updated 10 October 2018 + show all updates

1. 10 October 2018

   The CMA announced the launch of its merger inquiry by notice to the parties. Invitation to comment also announced.

2. 29 August 2018

   Derogation published.

3. 22 August 2018

   First published.