Australian Dairy Farmers urge ACCC to block Coles/Saputo deal

In Short: The nation’s dairy farmer lobby says the ACCC needs to block Coles from buying two Saputo processing plants.

Australia’s competition watchdog needs to bite back at plans by Coles to acquire Saputo’s milk processing plants, the nation’s dairy farmer leader says.

Australian Dairy Farmers president Rick Gladigau has made an eleventh-hour plea to the Australian Competition and Consumer Commission to oppose the $105 million deal, with a decision set to be handed down next week.

He says the proposed supermarket takeover of the Sydney and Melbourne bottling plants will reduce competition in the dairy supply chain.

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Source: Alex Sinnott, The Weekly Times, 6 Sept 2023.