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.
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.
Featured News
Ribera Calls for Reform in EU Competition Policies
Dec 10, 2024 by
CPI
DirecTV Urges Second Circuit to Revive Antitrust Lawsuit Against Nexstar
Dec 9, 2024 by
CPI
Omnicom and Interpublic Unite in $13.25B Deal: Big Tech Competition Heats Up
Dec 9, 2024 by
CPI
Federal Ruling Highlights DOJ’s Push Against Algorithmic Collusion in Antitrust Cases
Dec 9, 2024 by
CPI
Judge’s Decision on Kroger-Albertsons Merger Expected Soon
Dec 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead