Following a public comment period, the Federal Trade Commission has approved an application from LaFargeHolcim, Ltd to amend several agreements that were part of a 2015 FTC order settling charges that the $25 billion merger of Holcim Ltd. and Lafarge S.A. would likely harm competition in the United States.
Under the order, the Commission required the parties to divest cement plants, quarries, terminals and other assets in 12 U.S. states and several locations in Canada.
In the application, LaFargeHolcim, Ltd. stated that the amendments to a barging agreement and a throughput agreement were necessary to resolve a dispute between LafargeHolcim and divestiture buyer Essroc Cement Corp.
The Commission vote to approve the application was 2-0. (FTC File No. 141 0129, Docket No. C-4519; the staff contact is Dan Ducore, Bureau of Competition, 202-326-2526.)
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Source: U.S. Federal Trade Commission, FTC.gov