Sources: U.S. Federal Trade Commission; HeidelbergCement AG, Germany; CP staff
The Federal Trade Commission has outlined terms of the final regulatory clearance hovering the proposed merger of Lehigh Hanson Inc. and Essroc Cement Corp. parents HeidelbergCement AG and Italcementi S.p.A. A June 17 consent agreement calls for the sale of a) Essroc’s 2-million ton/year Martinsburg, W.V., mill plus seven Maryland, Pennsylvania and Virginia terminals; and, b) Lehigh’s Solvay, N.Y., terminal. A suitor will also have a purchase option for two Essroc terminals in Ohio.
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