Merger Alert: Devland Cash and Carry (Pty) Ltd and various grocery retail and wholesale stores operated under the brand names “Cambridge Foods” ...
Notice
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Lead Text
The Competition Tribunal (“Tribunal”) has approved the merger whereby Devland Cash & Carry (Pty) Ltd (“Devland”) intends to acquire several grocery retail and wholesale stores which operate under the brand name “Cambridge Foods” (“target businesses”).
Type of matter
Large merger
Parties involved
Devland Cash and Carry (Pty) Ltd and various grocery retail and wholesale stores operated under the brand names “Cambridge Foods” and “Rhino” and ultimately owned by Massmart Holdings (Pty) Ltd
Tribunal Decision
Approved with conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Competition Tribunal (“Tribunal”) has approved the merger whereby Devland Cash & Carry (Pty) Ltd (“Devland”) intends to acquire several grocery retail and wholesale stores which operate under the brand name “Cambridge Foods” (“target businesses”).
The Tribunal has approved the transaction subject to employment-related conditions.
Devland is a fast-moving consumer goods (“FMCG”) wholesaler/grocery retail enterprise which operates through grocery retail stores across various locations in South Africa. It provides general merchandise and food products in bulk to independent traders and commercial users throughout Southern Africa.
The target businesses comprise grocery retail and wholesale stores which operate in various locations throughout the country. The target businesses are ultimately owned by Massmart Holdings (Pty) Ltd.
