FTC: Statement of Acting Bureau of Competition Director Petrizzi Regarding Decision of Pennsylvania Cement Producers Lehigh Cement Company LLC and Keystone Cement Company to Abandon Their Proposed Merger
June 05, 2021
June 05, 2021
WASHINGTON, June 5 -- The Federal Trade Commission issued the following statement:
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Following the parties' decision to abandon their proposed merger, Acting Bureau of Competition Director Maribeth Petrizzi made this statement:
"This is great news for cement customers in eastern Pennsylvania and western New Jersey. The FTC voted 4-0 to challenge this transaction because it would have reduced the number of significant competitors in the market for g . . .
* * *
Following the parties' decision to abandon their proposed merger, Acting Bureau of Competition Director Maribeth Petrizzi made this statement:
"This is great news for cement customers in eastern Pennsylvania and western New Jersey. The FTC voted 4-0 to challenge this transaction because it would have reduced the number of significant competitors in the market for g . . .