CMA: confirms clearance of Pork pies merger

London / UK. (gov) The British Competition and Marketing Authorities CMA has cleared the completed acquisition by Pork Farms Caspian of the chilled savoury pastry business of Kerry Foods. This confirms provisional findings by the group of CMA independent panel members investigating the merger. Pork Farms Group Limited, through its Pork Farms Caspian Limited subsidiary, and Kerry Foods Limited´s chilled savoury pastry business both manufacture and supply branded and own-label products to customers such as supermarkets, convenience stores and wholesalers, with sales worth approximately one billion GBP a year. The merger was referred for an in-depth investigation in January 2015. In its final decision, the group of CMA panel members has concluded that the merger has not resulted, and may not be expected to result, in a substantial lessening of competition, and hence higher prices or lower quality for retailers or consumers of the products affected by the merger: hot pies, cold pies, sausage rolls, pasties and slices (see b:eu in December 2014: «Pork pies merger may give rise to concerns»).