Following a public comment period, the Â鶹´«Ã½ Trade Commission has approved an application from HeidelbergCement AG and Italcementi S.p.A. to sell the Essroc cement plant in Martinsburg, West Virginia, eight cement terminals in the mid-Atlantic, and related assets to Argos USA LLC, a subsidiary of Cementos Argos S.A.
The divestiture is required by the FTC’s August 2016 final order settling charges that the $4.2 billion merger of Heidelberg and Italcementi would likely harm competition in five regional markets for cement in the United States.
The Commission vote to approve the divestiture was 3-0. (FTC File No. 151 0200, Docket No. C-4579; the staff contact is Roberta Baruch, Bureau of Competition, 202-326-2861)
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