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UK: Competition authorities to probe Lakeland/LacPatrick merger

By  |  November 28, 2018
UK: Competition authorities to probe Lakeland/LacPatrick merger

The UK Competition and Markets Authority (CMA) has announced that it is investigating the anticipated acquisition by Lakeland Dairies of LacPatrick Dairies.

In October, Dairy processors LacPatrick and Lakeland agreed to terms on a merger, after LacPatrick put itself up for sale earlier in the year.

The new company will be the second-largest dairy processor on the island of Ireland, behind Glanbia, after terms of the merger were agreed following exclusive discussions between the parties started in June.

The CMA stated the Order does not prohibit the completion of the transaction provided that Lakeland and LacPatrick observe a number of restrictions.

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