The Competition and Markets Authority (CMA) has rejected proposed remedies by two feed companies that want to enter into a joint venture.
ForFarmers and 2Agriculture, a company owned by Ranjit Boparan, both manufacture and supply chicken and other types of poultry feed in the UK and between them, the firms operate 19 mills across the UK.
In December, the CMA said there were concerns in four local areas across East Anglia, north-western England and North Wales where it could lead to higher prices for poultry feed, lower quality feed or worse quality of service.
2Agriculture and ForFarmers said they had offered remedies (also referred to as ‘undertakings in lieu’ of reference (UILs). However, the CMA has now said on the case page that it does not consider the proposed remedies would effectively address its competition concerns with the proposed joint venture.
ForFarmers and 2Agriculture are considering their next steps.