Investigation Begins into The Acquisition of Wallace's North Island Rendering Assets

The acquisition of the North Island animal rendering assets of Wallace Group GP Limited (Wallace) is facing an inquiry by the commerce commission in lessening the competition in any relevant market in the breach of section 47 of the Commerce Act.

The Commission shall examine whether the acquisition is likely to have primarily reduced competition in any related market as Glenninburg and Wallace both have shares in businesses that execute animal materials into finished products. The Commission did not get an application for approval for the acquisition, which was completed on or about 8 June 2020.


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