Last Updated
Case Status
Closed
In the Matter of HeidelbergCement AG, a corporation, Lehigh Hanson, Inc., a corporation, Lehigh Cement Company LLC, a limited liability company, Elementia S.A.B. de C.V., a corporation, Giant Cement Holding, Inc., a corporation, and Keystone Cement Company, a limited liability company.
FTC Matter/File Number
2010006
Docket Number
9402
Enforcement Type
Part 3 Administrative Complaints
Case Summary
The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete. The FTC alleges that the acquisition would harm competition in the market for gray portland cement in eastern Pennsylvania and western New Jersey, reducing the number of significant competitors from four to three. The administrative trial was scheduled to begin on Nov. 2, 2021, but on June 4, 2021, the FTC announced that the parties have abandoned the transaction.