Danish Crown Acquires Polish Meat Processor02 June 2014
EU - The European Commission has cleared the acquisition of Polish meat processor, Sokolów, by Danish Crown.
The European Commission has approved under the EU Merger Regulation the acquisition of sole control over Sokolów of Poland by Danish Crown of Denmark.
Both Danish Crown and Sokolów are vertically integrated food companies. Danish Crown is a cooperative food company that supplies live animals, including pigs and cattle, to slaughterhouses. Sokolów, which is currently jointly controlled by Danish Crown and the Finnish company, HKScan OYJ, is active in the slaughtering of live animals, including pigs and cattle, and in the processing of pig meat, beef and poultry.
The Commission concluded that the proposed acquisition would not raise competition concerns given the parties' moderate combined market position resulting from the proposed transaction. The transaction was examined under the simplified merger review procedure.
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