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.