China-listed WH Group has disclosed that its UK-based subsidiary Morliny Foods Holding Limited, has gained EU approval to acquire German sausages, convenience, and ready meals producer Wolf Group.
The deal covers the entities Reinhard Wolf GmbH & Co KG and Wolf Nuernberg Immobilien GmbH & Co KG, which form the Wolf Group.
The European Commission, which acts as antitrust regulator in the EU, found that the planned transaction is not likely to hurt competition, given the companies’ limited combined market position after the acquisition.
Morliny agreed to buy Wolf Group in October, seeking to expand its presence in Europe. The transaction also opens opportunities for enhanced access to German distribution channels for Morliny Foods’ portfolio products.
Wolf Group currently has 3 production plants and 1,800 employees.
