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FCC's acquisition by Lineage Logistics sparks Australian competition investigation

( July 15, 2024, 07:25 GMT | Official Statement) -- MLex Summary: Lineage Logistics’ acquisition of Bigstreet Pty Ltd, trading as Fremantle City Coldstores, is set to be reviewed by the Australian Competition & Consumer Commission in a probe focusing on the ability of customers to switch between cold-storage suppliers and the ability of cold-storage suppliers to enter the market in or near Perth, a city in Western Australia. Lineage is a global cold-storage and logistics business headquartered in the United States, which owns 13 cold-storage facilities in Australia. FCC is a Perth-based cold-storage supplier with one facility located in North Coogee, near Fremantle in Western Australia. The deadline for submissions is July 29. The Australian Competition Commission's market inquiries letter is attached; and the regulator's statement follows: ...

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