Steel sensor maker must sell some US assets

Jan 09, 2014 | 01:37 PM | Thorsten Schier

Tags  U.S. Justice Department, Heraeus Electro-Nite, steelmaking sensors, measuring equipment, Keystone Sensors, Thorsten Schier

NEW YORK — Steelmaking single-use sensor and instrument maker Heraeus Electro-Nite Co. has agreed to sell part of its U.S. business to Keystone Sensors LLC to settle U.S. Justice Department competitive concerns.

Justice Department officials said that Heraeus acquired its closest competitor in the U.S. market, Midwest Instrument Co. Inc. (Minco), in September 2012 after its 85-percent market share fell considerably and Minco’s share climbed.....

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