ACCC not to oppose proposed acquisition of Good Stuff Bakery by George Weston Foods Limited.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-13 March 2007-ACCC: ACCC not to oppose proposed acquisition of Good Stuff Bakery by George Weston Foods Limited(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:13032007 The Australian Competition and Consumer Commission will not intervene in the proposed acquisition of Good Stuff Bakery by George Weston Foods Limited.

ACCC Chairman, Mr Graeme Samuel, said the proposed acquisition is unlikely to substantially lessen competition under section 50 of the Trade Practices Act 1974. Good Stuff Bakery wholesales plant-baked bread in various areas of southern Queensland and northern New South Wales. "Market inquiries confirmed that Good Stuff Bakery is a vigorous and effective competitor, supplying 'price-fighting' bread to small retailers including...