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News LafargeHolcim merger: FTC approves final order preserving competition in 14 US markets for cement

LafargeHolcim merger: FTC approves final order preserving competition in 14 US markets for cement

Written by Global Cement staff 18 June 2015
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US: According to Imperial Valley News, following a public comment period, the Federal Trade Commission (FTC) has approved a final order settling charges that the merger of Lafarge and Holcim would likely harm competition in 12 markets for Portland cement and two markets for slag cement.

Under the order, first announced in May 2015, the two companies are required to divest cement plants, quarries, terminals and other assets in the 12 states of Illinois, Iowa, Louisiana, Massachusetts, Michigan, Minnesota, Montana, New Jersey, New York, Ohio, Tennessee, Wisconsin, as well as several locations in Canada. The commission vote that approved the final order was 4-1, with commissioner Joshua D Wright voting no.

Last modified on 24 June 2015
Published in Global Cement News
Tagged under
  • US
  • Federal Trade Commission
  • FTC
  • Lafarge
  • Holcim
  • LafargeHolcim
  • Merger
  • Slag cement
  • GCW206

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