Merger Alert: Pick n Pay Stores Ltd And the various assets and the business belonging to the Tomis group of companies

The Competition Tribunal (“Tribunal”) has conditionally approved the proposed large merger whereby Pick n Pay Stores Ltd (“Pick n Pay”) intends to acquire the various assets and business belonging to the Tomis group of companies (“Tomis”).

The Tribunal has imposed a moratorium on merger-related retrenchments as well as other conditions relating to capital investments in respect of plant and equipment, and increasing procurement spend with HDP wholesale meat suppliers.

Pick n Pay is a national retail grocery chain which sells food, groceries, clothing, health and beauty products, general merchandise and value-added services. It is also a national liquor retail chain.

Tomis is a vertically integrated meat supplier based near Wellington in the Western Cape. It (i) operates an abattoir; (ii) processes, packages and supplies lamb and beef to customers; and (iii) manufactures garden compost from the abattoir and feedlot processes.

Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib