The Commerce Commission is assessing a proposed acquisition of Turners & Growers Fresh (T&G Fresh) by J&P Turner (JPT).
JPT has applied for clearance to acquire up to 100% of the shares in T&G Fresh.
Both companies operate as wholesale suppliers of fresh fruit and vegetables in New Zealand.
JPT, through its subsidiary Fresh Direct, imports, wholesales and distributes fresh produce from six locations nationwide. The business also provides packing, ripening, temperature-controlled transport and fruit processing services.
T&G Fresh grows, imports, transports and wholesales fresh fruit and vegetables through a nationwide network of wholesale markets, distribution centres and trucking operations. The company also provides transport services for third-party growers and customers.
The Commerce Commission said it would assess whether the proposed acquisition is likely to substantially lessen competition in any market before deciding whether to grant clearance.
