Houghton International settles FTC charges that its 2008 acquisition of Stuart is anti-competitive | Practical Law

Houghton International settles FTC charges that its 2008 acquisition of Stuart is anti-competitive | Practical Law

On 14 July 2010, the US Federal Trade Commission (FTC) announced that it reached a settlement with Houghton International, Inc and its parent entities, AEA Investors 2006 Fund, L.P. and HHI Holding Corporation (collectively Houghton), to resolve an FTC complaint alleging that Houghton's 2008 acquisition of D.A. Stuart GmbH (Stuart) eliminated a competitor in the concentrated market of aluminium hot rolling oil and allowed Houghton unilaterally to raise prices and stifle innovation. The settlement requires Houghton to divest Stuart's AHRO business to Quaker Chemical Corporation.

Houghton International settles FTC charges that its 2008 acquisition of Stuart is anti-competitive

by Practical Law
Law stated as at 14 Jul 2010 • USA (National/Federal)
On 14 July 2010, the US Federal Trade Commission (FTC) announced that it reached a settlement with Houghton International, Inc and its parent entities, AEA Investors 2006 Fund, L.P. and HHI Holding Corporation (collectively Houghton), to resolve an FTC complaint alleging that Houghton's 2008 acquisition of D.A. Stuart GmbH (Stuart) eliminated a competitor in the concentrated market of aluminium hot rolling oil and allowed Houghton unilaterally to raise prices and stifle innovation. The settlement requires Houghton to divest Stuart's AHRO business to Quaker Chemical Corporation.