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EC Approves Weyl Beef Products Acquisition by VION

26 August 2010

NETHERLANDS - The European Commission has approved the acquisition by VION of some of the assets of beef producer Weyl Beef Products from Enschede.

The veal company was declared bankrupt on 20 May this year.

On 2 July, VION signed an agreement to acquire parts of Weyl's assets, and submitted the acquisition to the competition authorities for approval.

The Commission said it focussed its investigation on the potential competitive effects of the horizontal overlaps for the proposed merger in the area of purchase of live cattle and calves for slaughtering, sale of fresh beef and veal and abattoir by-products.

In addition, the Commission addressed the vertically affected markets, i.e from the abattoir by-products to the sale of fresh beef and veal.

The Commission said its investigation revealed that the proposed transaction would not close off the market to competition as a sufficient number of competitors would remain in all of the above mentioned product markets.

Because of this, the Commission found that the proposed concentration would not give rise to any competition concerns on these markets. VION will now detail how to incorporate the aforementioned assets into its beef activities.

TheMeatSite News Desk

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