# Investigation opened into acquisition of Wallace’s North Island rendering assets | The National Tribune

> New Zealand's Commerce Commission has opened an investigation into the June 2020 acquisition of Wallace Group's North Island animal rendering assets by interests linked to Glenninburg Holdings. The regulator will assess whether the deal substantially lessened competition, since no clearance application was filed.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: policy · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/51727-investigation-opened-into-acquisition-of-wallace-s-north-island-rendering
- Commodities: [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Consolidation among rendering plants could reduce competition in meat and bone meal and tallow supply in New Zealand. Any remedy could alter local supply, but the effect on global prices is small.

## Read by commodity

- MBM: neutral

## Sources

- nationaltribune.com.au: https://www.nationaltribune.com.au/investigation-opened-into-acquisition-of-wallace-s-north-island-rendering-assets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.