George Weston Foods out of the running for Hans
George Weston Foods, which owns smallgoods producer Don KRC, is no longer pursuing an acquisition of Hans Smallgoods.
Australia’s largest smallgoods producer, Primo, and George Weston, whose Don, KR Castlemaine and Watsonia brands are prominent in the smallgoods sector, both sought approval from the ACCC to purchase Hans, but yesterday the ACCC terminated their review of George Weston’s request as the proposed purchase would “no longer proceed for commercial reasons”.
Hans went into voluntary administration in November, with the business operating as normal until an appropriate buyer is found by the administrators – KordaMentha.
“Hans is a great brand and has some world class facilities, so our first aim will be to offer the business to buyers with related interests so that some synergies may be achieved,” Mark Mentha, from KordaMentha, said in November.
An ACCC decision on whether Primo will be allowed to acquire Hans will be made tomorrow, February 12.