SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

Headlines > Business

News in brief

Noble Foods egg deal gets green light

Post a comment

By Rod Addy+

22-Aug-2014
Last updated on 22-Aug-2014 at 13:59 GMT

Competition authorities have cleared Noble Foods’s acquisition of two egg processing factories in Gainsborough and Harrogate from Manton’s.

The Competition & Markets Authority (CMA) had put the deal on hold in May , pending a 40-day review into whether it would give Noble Foods an unfair market advantage. That review began on June 25.

However, the CMA confirmed to FoodManufacture.co.uk today (August 22) that no further investigation was necessary, as it had concluded that the transaction could proceed. It inherited the case from the Office of Fair Trading when it was abolished on April 1 this year.

Noble Foods, the UK’s largest egg packer, clinched an agreement in February to take over the two plants.

Threatening 100 jobs

At the time, local press reports suggested Noble Foods wanted to shift liquid egg processing from Bilsthorpe, Nottinghamshire, to the acquired facilities this year, shutting the Bilsthorpe site and threatening 100 jobs.

Noble Foods was formed by the merger of Stonegate Farmers and Deans Food Group. However, in April 2007 the Competition Commission required Noble Foods to sell Clifford Kent Holdings, Stonegate’s parent company, to satisfy concerns that its market dominance would lead to higher egg prices.

Aside from handling shell eggs, Noble Foods also processes egg products, owns premium desserts business Gü Puds and Didier’s Patisserie and has poultry processing and feed milling interests. It also owns the Happy Eggs brand.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.