Tangerine Confectionery

The Competition and Markets Authority (CMA) has launched its initial (phase 1) investigation on the acquisition by Valeo Foods of Taurus 3 Limited, a holding company of Tangerine Confectionery.

Valeo Foods acquired Tangerine, which owns brands Barratt, Dip Dab and Fruit Salad, in August for over £100 million.

The phase 1 investigation will look whether the merger has resulted in a substantial lessening of competition within any market in the UK.

Valeo Foods also owns Big Bear Confectionery which it bought from Raisio in 2017 for €100 million.

The decision of the phase 1 investigation can be expected by 5 December.