KP Snacks acquisition under investigation

12 March, 2013

The acquisition of United Biscuit’s KP Snacks business by German manufacturer Intersnack is being investigated by The Competition Authority in Ireland.

The announcement of the acquisition by Intersnack International, a subsidiary of Top Snacks Limited, was announced in December 2012, and the transaction was notified under the Competition Act.

The Competition Authority has now announced it has entered into a full investigation (phase 2), following concerns over competition in the savoury snacks sector.

It said that following a preliminary investigation, it was unable to conclude that the acquisition will not substantially lessen competition in markets for goods or services in the state without a full investigation being carried out.

According to a spokesperson for the Authority, most mergers and acquisitions are approved within the initial phase 1 period, which generally lasts around one month.

Interested parties have until Wednesday 20 March 2013, to make submissions. The Authority has until 29 May 2013 to make a final decision.

Top Snacks produces a range of food, beverages and other products, including a range of savoury snacks which it distributes throughout Europe.

 





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