A PYMNTS Company

U.S.: FTC order restores competition in magnesium plates market

By  |  October 15, 2012

The Federal Trade Commission has settled charges with Magnesium Elektron, a leader in the production of magnesium plates used for photoengraving, by requiring Magnesium Elektron to sell necessary intellectual property and technical know-how used to manufacture magnesium plates for photoengraving applications to Kansas-based Universal Engraving. The FTC’s alleged that Magnesium Elektron’s acquisition of rival plate manufacturer Revere Graphics Worldwide, Inc. was anticompetitive and a violation of the antitrust laws. The proposed order also contains provisions to help ensure that the divestiture to Universal Engraving is successful, allowing Universal to immediately enter the market in competition with Magnesium Elektron.

    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.

    Full Content: FTC

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related Content: The FTC and DOJ’s Horizontal Guidelines Review Project: What Changes Might Be In Store for Merger Review?

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