The Commerce Commission has received a clearance application from Life Health Foods NZ Limited to acquire the business and assets of Chalmers Organics Limited by way of a 100 percent asset purchase.
Life Health Foods and Chalmers Organics both supply a range of vegetarian and plant-based products, including meat alternatives, to supermarkets and other retail stores, as well as to the food service industry.
Life Health Foods is owned by the New Zealand Conference Association, a registered charitable trust that also owns the Sanitarium Health Food Company. Life Health Foods manufactures and supplies vegetarian and plant-based products in New Zealand, under brand names including Bean Supreme, Alternative Meat Co., Vegie Delights and Lisa's.
Chalmers Organics is based in Auckland and manufactures a range of meat alternative products under the Tonzu and Zenzo brands. It also manufactures a range of plant-based dairy alternative products.
A public version of the clearance application will be available shortly on the Commission's case register.
Background
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
