Tulip - Danish Crowns subsidiary given the green light for acquisition.

Tulip - Danish Crown's subsidiary given the green light for acquisition.

The acquisition of UK pig producer Easey Holdings by Tulip, a British subsidiary of Denmark meat giant Danish Crown, has been approved by the UK's Competition and Markets Authority (CMA).

Warwick-based Tulip, which markets a range of branded meat products including Danepak and Adams, announced in early September it had acquired Suffolk's Easey Holdings, a family-owned pig farming operation, for an undisclosed sum.

The CMA called in the transaction to investigate whether it posed a threat to competition in the market but it has now decided that it is happy to let the deal proceed.

Tulip has said the existing management team at Easey will remain in place and the company will continue to operate independently, ensuring stability for employees, farmers, suppliers and customers.

The CMA decision is Danish Crown second merger-related victory in two months. In October, it won the arbitration case that resulted from its cancelled merger with fellow Danish pork specialist Tican in 2015.