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Farmland's move on Seales Winslow raises serious animal-feed antitrust concerns in New Zealand

( February 7, 2024, 05:34 GMT | Official Statement) -- MLex Summary: New Zealand rural-supplies chain Farmlands Co-Operative Society’s bid to acquire animal-feed manufacturer Seales Winslow is facing regulatory headwinds, with the country’s antitrust regulator saying that it remains concerned about the loss of competition in several markets. In a statement of issues published today, the New Zealand Commerce Commission raised concerns that the high concentration and low number of suppliers of pelletized-compound feed in several regional markets could allow the merged company to raise prices and reduce the quality of their products, while worsening the already high barriers to entry.The full statement from the New Zealand Commerce Commission follows; the statement of issues is attached. ...

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