FTC seeks comment on Charlotte Pipe anticompetition deal
Apr 03, 2013 | 02:04 PM
| Thorsten Schier
NEW YORK A proposed consent order settling anticompetition charges over Charlotte Pipe & Foundry Co.s 2010 purchase of the cast iron soil pipe business of Star Pipe Products Ltd. has been released for public comment by the U.S. Federal Trade Commission (FTC).
The order prohibits Charlotte Pipe "from enforcing a confidentiality and noncompete agreement with Star Pipe, ensures that (the company) will publicly disclose its prior acquisitions of other (soil pipe) importers and requires (the company) to notify the commission before making future acquisitions in this industry," the FTC said.....
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