Federal Trade Commission challenges Lehigh Cement’s Keystone Cement acquisition

Print this page

US: The Federal Trade Commission (FTC) has filed an administrative complaint and authorised a legal suit against Lehigh Cement’s acquisition of Keystone Cement. The HeidelbergCement subsidiary acquired the subsidiary of Mexico-based Elementia in September 2019. The commission said that the acquisition may be harmful to competition in the grey cement market in Pennsylvania and New Jersey as it reduces the number of competitors to three from four and enlarges the largest. It added that Keystone Cement’s aggressive pricing had previously caused Lehigh Cement to lower its prices.

The case will go to trial at administrative court in November 2021.

Last modified on 26 May 2021

URL: https://www.globalcement.com/news/item/12445-federal-trade-commission-challenges-lehigh-cement-s-keystone-cement-acquisition

© 2021 Pro Global Media Ltd. All rights reserved.