UK Regulator Approves T&L Sugars' Acquisition of Tereos Retail Business

13 Aug, 2024

UK Regulator Approves T&L Sugars' Acquisition of Tereos Retail Business

The UK's Competition and Markets Authority (CMA) has provisionally approved T&L Sugars' acquisition of Tereos UK & Ireland’s retail sugar business. T&L Sugars, known for refining and distributing packaged sugar to UK supermarkets, completed the purchase of Tereos’ consumer-facing operations and a distribution facility in West Yorkshire in November 2023.

The CMA initiated an in-depth investigation in March due to concerns about the potential impact on sugar prices for UK consumers. Their provisional approval indicates that without the merger, Tereos’ UK retail business might have closed, reducing competition in the market.

The CMA's decision suggests that continuing operations under T&L Sugars is preferable for maintaining competitive conditions. The regulator believes the merger will help sustain market competition and benefit consumers by preventing the exit of a significant player in the retail sugar sector.