Following a public comment period, the Federal Trade Commission has approved an application from HeidelbergCement AG and Italcementi S.p.A. to sell the Essroc cement plant in Martinsburg, West Virginia, eight cement terminals in the mid-Atlantic, and related assets to Argos USA LLC, a subsidiary of Cementos Argos S.A.
The divestiture is required by the FTC’s August 2016 final order settling charges that the $4.2 billion merger of Heidelberg and Italcementi would likely harm competition in five regional markets for cement in the United States.
The Commission vote to approve the divestiture was 3-0. (FTC File No. 151 0200, Docket No. C-4579; the staff contact is Roberta Baruch, Bureau of Competition, 202-326-2861)
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.
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