DOJ requires divestiture to clear aluminium sheathing merger | Practical Law

DOJ requires divestiture to clear aluminium sheathing merger | Practical Law

On 30 July 2009, the US Department of Justice (DOJ) announced a proposed settlement requiring Sapa Holding AB (Sapa) to divest a North Carolina aluminium sheathing facility in order to resolve charges that Sapa's proposed US$150 million acquisition of Indalex Holdings Finance Inc. (Indalex) would substantially lessen competition in violation of Section 7 of the Clayton Act. According to the DOJ, without this divestiture, the proposed transaction would reduce competition for the manufacture and sale of aluminium sheathing in the United States.

DOJ requires divestiture to clear aluminium sheathing merger

Practical Law UK Legal Update 7-422-4875 (Approx. 3 pages)

DOJ requires divestiture to clear aluminium sheathing merger

by Practical Law
Law stated as at 30 Jul 2009USA (National/Federal)
On 30 July 2009, the US Department of Justice (DOJ) announced a proposed settlement requiring Sapa Holding AB (Sapa) to divest a North Carolina aluminium sheathing facility in order to resolve charges that Sapa's proposed US$150 million acquisition of Indalex Holdings Finance Inc. (Indalex) would substantially lessen competition in violation of Section 7 of the Clayton Act. According to the DOJ, without this divestiture, the proposed transaction would reduce competition for the manufacture and sale of aluminium sheathing in the United States.