The ACCC is inviting submissions from interested parties on Coles’ proposed acquisition of two fresh milk processing facilities from Saputo by May 23.
Coles proposes to acquire Saputo’s facilities in Laverton North (Victoria) and Erskine Park (NSW).
These facilities produce fresh milk for Saputo’s Devondale brand and for other parties, including Coles, for on-sale as own brand products at the retail level.
Coles is the primary customer at both facilities with its own brand fresh milk products accounting for the majority of the current annual volumes produced. Coles does not currently own or operate any dairy processing facilities.
Saputo’s milk supply contracts are not included in the proposed acquisition, with the contracts Saputo holds with NSW and Victorian dairy farmers being retained by Saputo on current contractual terms.
The ACCC commenced a public merger review of Coles' proposed acquisition on May 2.
Further information is available on the ACCC’s website.