Finance
Greencore-Bakkavor merger faces UK antitrust concerns over chilled sauces
Published by Global Banking & Finance Review®
Posted on October 27, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 27, 2025
1 min readLast updated: January 21, 2026
The Greencore-Bakkavor merger faces UK antitrust concerns over chilled sauces, with the CMA seeking remedies by November 3.
(Reuters) -Britain's competition regulator said on Monday the proposed 1.2 billion pound ($1.61 billion) merger of convenience food manufacturer Greencore and peer Bakkavor might harm competition in the supply of own-label chilled sauces.
The Competition and Markets Authority (CMA) said the combined entity would become one of the largest suppliers of chilled sauces in the UK, with only two other competitors, 2 Sisters Food Group and Billington Foods, providing a material constraint, though both are weaker rivals.
The regulator, however, cleared the deal in Italian chilled ready meals and salads markets where it found sufficient competition would remain.
"We are now working with the CMA and Bakkavor for the benefit of all our stakeholders to complete the Bakkavor transaction early next year," Greencore CEO Dalton Philips said in a statement.
Greencore and Bakkavor have until November 3 to offer remedies to address the CMA's concerns, with both companies expressing confidence they remain on track to complete the transaction in early 2026.
($1 = 0.7451 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, reduce costs, or expand market reach.
Antitrust refers to laws and regulations designed to promote competition and prevent monopolistic practices in the marketplace, ensuring fair business practices.
Chilled sauces are sauces that are kept refrigerated to maintain freshness and quality, often used in ready-to-eat meals and convenience foods.
Own-label food refers to products that are branded by a retailer but manufactured by another company, often sold at lower prices than branded alternatives.
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