Dutch food and nutrition group Royal Numico has announced that the Italian antitrust authorities have extended the time period for their assessment of Numico’s intended take-over of Italian baby food company Mellin for a further 45 days.
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Numico will provide full cooperation and remains confident that the intended acquisition of Mellin will be approved by the Italian antitrust authority in June.
Numico announced that the end of February that it had agreed to buy Mellin from Findim Group for 400m euros (US$513.27m)
“The acquisition of Mellin represents an important step forward for our Baby Food strategy in Western Europe,” said Jan Bennink, CEO of Numico. “Mellin complements and significantly strengthens our existing operations in terms of product range, channel presence and market position.
Mellin holds a 21% share of the Italian Baby Food market, with particularly strong positions in the weaning food categories and the fast growing grocery channel. Mellin has significantly outperformed the growth of the Italian Baby Food market in recent years, growing at a rate of 10%.
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