CADE’s General Superintendence approves acquisition of the CRM Group by Nestlé

Summary

The Superintendu00eancia-Geral do Conselho Administrativo de Defesa Econu00f4mica (SG/Cade) has approved the acquisition of CRM Group's companies by Nestlu00e9 Brasil. The acquisition was notified on November 18, 2023. Nestlu00e9 Brasil offers products in 15 market segments, while CRM Group is a Brazilian company with operations in the food industry. The SG/Cade concluded that the acquisition does not raise competition concerns, as it does not provide the acquiring company with the power to abuse the market or create incentives for vertical integration. The acquisition is within the limits set by the Acordo em Controle de Concentrau00e7u00f5es (ACC) agreement, which Nestlu00e9 committed to in 2018. If no appeal or review is filed by the relevant parties, the decision will be final, and the acquisition will be approved.