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Greencore has taken a major step toward securing regulatory approval for its proposed acquisition of Bakkavor by entering an agreement to sell its Bristol chilled soups and sauces facility to The Compleat Food Group.
The site's disposal was proposed to the UK Competition and Markets Authority (CMA) to address potential competition concerns stemming from the proposed acquisition deal between Greencore and Bakkavor.
The CMA confirmed it had accepted the disposal in principle as an undertaking in lieu of launching a full Phase 2 investigation on 7 November. The transaction remains subject to the CMA’s final approval following a statutory public consultation.
The Bristol site, which primarily manufactures chilled sauces and soups, generated approximately £47 million in revenue according to financial reports in the year ending 26 September 2025, representing around 1% of the projected combined turnover of Greencore and Bakkavor.
The Compleat Group, known for its portfolio of chilled, plant-based and bakery brands, will expand its manufacturing footprint with the acquisition if approved.
The sale is expected to pave the way for Greencore to complete its high-profile takeover of Bakkavor in early 2026. Remaining conditions include the CMA’s formal sign-off on the sale and court sanctioning of the scheme of arrangement.
Top image: © Greencore
