This report investigates the completed merger of Clifford Kent Holdings Ltd, parent company of Stonegate Farmers Ltd, and Deans Food Group Ltd, through Noble Foods Ltd. Through the merger, Noble Foods gained control of 60 to 70 percent of the supply of shell eggs to retailers and over half of the supply of liquid eggs. This inquiry by the Competition Commission finds that the merger has led to a substantial lessening of competition and that the most practicable remedy is the divestiture of Stonegate.