The Commerce Commission has received a clearance application from Taranaki By-Products Limited for it, or a related
company, to increase shareholdings in three joint ventures with Lowe Corporation.
It is proposed that:
• Taranaki By-Products will acquire up to 100% of the shares in Hawkes Bay Protein Limited and up to 100% of shares in
Jackson Transport Limited; and
• Glenninburg Holdings, a company that is majority owned by Taranaki By-Products, will acquire up to 100% of the shares
in Tuakau Proteins Limited.
Taranaki By-Products, Hawkes Bay Protein and Tuakau Proteins all own operations in the North Island that render animal
materials into finished products such as meat and bone meal and tallow. Jackson Transport is a Taranaki-based transport
company that provides services to the rendering industry.
A public version of the clearance application is available 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.
Further information explaining how the Commission assesses a merger application is available on our website.