EU/NETHERLANDS: EU refers Royaan, Ad van Geloven snacks merger to Dutch watchdog
The combined company would make products including spring rolls
The European Commission has referred the proposed merger between Dutch frozen snack makers Royaan and Ad Van Geloven to competition authorities in the Netherlands.
The companies, both owned by private-equity firms, make products ranging from croquettes to spring rolls, but Brussels yesterday (16 January) warned of the impact the deal could have on competition in the Dutch frozen snacks sector.
"After a preliminary investigation, the Commission found that this part of the proposed transaction would threaten to significantly affect competition in the market for frozen snacks in the Netherlands. Those aspects will now be examined by the Dutch Competition Authority under national law," the Commission said.
Royaan and Ad van Geloven, which are both owned by private-equity firms, notified Brussels of their plans to merge in November.
The two companies supply retail and foodservice customers in the Netherlands and Belgium with brands including Ad van Geloven's Welten and Royaan's Van Dobben.
The proposed deal was set to create a company with annual sales of around EUR246m (US$314.2m). The two private-equity owners NPM Capital, which owns Royaan, and Lion Capital, the owner of Ad van Geloven, were due to become shareholders in the combined company.
Brussels has cleared the Belgian part of the merger after finding the enlarged group would still face enough competition.
However, the Netherlands will have to investigate how the deal will affect competition in its frozen snacks sector.
Arla Foods revealed 250 jobs could be cut as it drives efficiency and tries to keep pace with its international competitors - and admitted more could be made. The race to buy frozen food giant Iglo Gr...
The European Commission, after six years of work, has published a list of 222 health claims that can be made on food labels and advertising when products are sold in the EU....
- How brands are eyeing their own retail presence
- Why Lactalis could move for Dairy Crest
- Who could swoop for Diamond Foods?
- Foodservice focus - all-day breakfast; concept NPD
- The consistent inconsistency of European promos
- Nestle, R&R Ice Cream in joint venture talks
- How the food industry is reacting to TPP
- China implements new safety regulations
- Unilever acquires Italian gelato group Grom
- Mondelez 'preparing to sell European cheese unit'
- Management briefing: just-food’s industry outlook for 2015
- Global Savory Snacks Market: Merger and Acquisitions August 2015
- E-Grocery Market in India - Market Research 2015-2019
- Food and Beverage Coding and Marking Equipment: Market Outlook 2015-2019
- Danone SA : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis