Subject to a package of public interest conditions, the Competition Tribunal has approved the proposed merger whereby Karan Beef Feedlot and Karan Beef (Pty) Ltd intend to acquire the businesses of SK Caine Farming, Caine Farming (Pty) Ltd and Triple A Meat (Pty) Ltd.
 
The conditions imposed on the transaction seek to support cattle farmers classified as historically disadvantaged persons (HDPs). The conditions also include supplier, enterprise and socio-economic development commitments.
 
Karan Beef Feedlot is involved in crop farming, silage production and the backgrounding and feeding of cattle (feed lotting) to produce slaughter cattle. Karan Beef’s activities relate to the slaughter of cattle produced at the feedlot; deboning beef carcasses; packaging primal cuts; and the wholesale and retail of beef carcasses and deboned/primalised cuts of beef.
 
The target firms are active in crop farming to produce feed for the cattle in their feedlot. They produce cattle for slaughter; slaughter all cattle produced in their feedlot at their abattoir; and supply beef carcasses and deboned/primalised beef cuts to wholesalers and retailers.
 
A full press release will be issued in due course.