$4.2 Billion Merger Between Cement Companies Requires the Sale of The Martinsburg Plant

The Federal Trade Commission (FTC) has ruled that the merger between Essroc Cement Corp. and Lehigh Hanson Inc. as well as their parent companies, HeidelbergCement and Italcementi, would result in competition being unable to compete in five regional markets in the U.S. To prevent a monopoly in this industry, the FTC has ruled that the Martinsburg cement plant as well as multiple cement-distribution terminals need to be sold by these companies.  This merger is expected to take place soon, potentially as soon as July 1st.  The plant, which produces up to 2 million metric tons of cement per year, must be sold within 120 days of the merger.

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