CCPC clears Aurivo’s purchase of certain assets of Arrabawn
September 15, 2023
The Competition and Consumer Protection Commission (CCPC) has determined that Aurivo Consumer Foods Limited, a subsidiary of Aurivo Co-operative Society Limited (Aurivo), can proceed with its proposed acquisition of certain assets of Arrabawn Co-Operative Society Limited (Arrabawn) (M/23/008).
Aurivo is an agri-business co-operative, whose primary activities are in the sale of dairy ingredients and products, such as powders and fresh milk, cream, butter and ready to drink protein shakes. Aurivo is also active in the operation of agricultural retail stores which sell animal feeds, agricultural goods, hardware and other products.
Arrabawn is an agri-business co-operative whose business activities include the sale of dairy products, food ingredients and animal feed products as well as the operation of agricultural retail stores.
The proposed acquisition, which was notified to the CCPC in February 2023, would see Aurivo acquire specified assets comprising parts of Arrabawn’s business in the supply of branded and unbranded liquid milk, cream and butter products.
Following an extended preliminary investigation, the CCPC determined in July 2023 that a full investigation was required to establish if the proposed acquisition would substantially lessen competition in any market for goods or services in the State.
Having examined the relevant markets in detail, the CCPC has determined that the proposed acquisition would not substantially lessen competition in these markets and, as a result, can be put into effect.
The CCPC will publish its full determination on its website no later than 60 working days after the date of the determination and after allowing the parties the opportunity to request that confidential information be removed from the published version.
Information about the merger notification can be found at M/23/008 – Aurivo Co-Op/Certain Assets of Arrabawn Co-Op
| TRANSACTION TIMELINES | |
| Notification | 15 February 2023 |
| Requirements for further information issued to Aurivo and Arrabawn
Information received |
28 March 2023
1 June 2023 |
| Phase 1 determination | 12 July 2023 |
| Phase 2 Requirements for further information issued to Aurivo and Arrabawn
Information received |
10 August 2023
22 August 2023 |
| Phase 2 determination | 15 September 2023 |
