A PYMNTS Company

Germany: Potato processors fined for cartel activities

 |  May 3, 2018

Germany’s Federal Cartel Office has fined two potato and onion packaging companies €13.2 million (US$15.8 million) for participating in an eight-year price fixing cartel. The proceeding was initiated in May 2013 with a sector-wide dawn raid following a leniency application.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Andreas Mundt, President of the Bundeskartellamt, said, “For years the companies concerned have agreed on an important parameter in the calculation of their weekly offers to Metro. By aligning their purchase prices used in the calculation, the two major suppliers of the Metro group virtually eliminated any price competition between them.”

    The activities of the packaging companies include the purchase of the raw product, washing, sorting, packaging and to some extent cold-storing the goods and finally selling the packed potatoes and onions primarily to the food retail sector. Böhmer is one of the two leading potato and onion packaging plants in Germany; Kuhn, however, is only active in south-west Germany.

    Full Content: Bundeskartellamt

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.