Federal Trade Commission approves request by HeidelbergCement and Italcementi to sell Martinsburg cement plant

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US: The Federal Trade Commission (FTC) has approved an application from HeidelbergCement and Italcementi to sell the Essroc cement plant in Martinsburg, West Virginia, eight cement terminals in the mid-Atlantic region and related assets to Argos USA, a subsidiary of Cementos Argos. The divestiture was required by the FTC’s August 2016 final order settling charges that the US$4.2bn merger of HeidelbergCement and Italcementi would be likely to harm competition in five regional markets for cement in the US. The Commission vote to approve the divestiture was 3-0.

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URL: https://www.globalcement.com/news/item/5499-federal-trade-commission-approves-request-by-heidelbergcement-and-italcementi-to-sell-martinsburg-cement-plant

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