Bernard Matthews’ acquisition of Lincs Turkeys has been given the all-clear by the Office of Fair Trading.
The watchdog opted not to refer the deal, announced in May, to the Competition Commission after concluding a tie-up would not lead to a substantial lessening of competition in the British turkey market.
It said although the merger removed one domestic turkey supplier, foreign imports of fresh and frozen turkey meat would act as a constraint on the market power of the combined business.
Rivals claimed the a merger between Bernard Matthews, Britain’s largest producer of turkey meat, and the third-largest would reduce competition “primarily in the supply of large volumes of fresh British turkey meat in the UK”.
Turkey giant Bernard Matthews posts £4m loss (22 June 2010)
Matthews raises game in turkey with Lincs buy (8 May 2010)