Clearance to take over food firm comes through from watchdog

Kerry Foods in Fulney Lane, Spalding.  Photo by Tim Wilson.''www.spaldingtoday.co.uk/buyaphoto
Kerry Foods in Fulney Lane, Spalding. Photo by Tim Wilson.''www.spaldingtoday.co.uk/buyaphoto
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A formal merger of Spalding-based Kerry Foods is to go ahead after its new owners got the go-ahead from an industry watchdog.

Pork Farms bought its one-time rival for an undisclosed sum last August but the deal was referred to the Competition and Markets Authority (CMA) for investigation.

However, the CMA gave the merger the green light yesterday meaning the Kerry Foods site in Fulney Lane will now become a major player in a market with sales of about £1 billion a year.

Chris Peters, group managing director of Pork Farms Group, said: “The CMA’s decision marks the start of an incredibly exciting new time for our business and our employees.

“This decision and our acquisition of Kerry Foods gives our business greater capabilities and opportunities for the future.”