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Australia opposes Heinz's acquisition of baby food producer Rafferty's Garden
date:Jun 08, 2013
The Australian Competition and Consumer Commission (ACCC) authorities have opposed US-based food giant HJ Heinz's proposed acquisition of organic baby food producer Rafferty's Garden.

This decision follows a review of the transaction for more than seven months.

Heinz and Rafferty's Garden are the two leading suppliers of wet and dry infant food in Australia.

According to ACCC, the merged entity would have 80% of the share of sales in the wet infant food market and around 70% in infant cereals

12/22 10:01