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

By  |  October 15, 2012
U.S.: FTC order restores competition in magnesium plates market

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.

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