Spain Fines Foam Cos. $11.8M For Price-Fixing Plot

Law360, New York (September 17, 2013, 7:26 PM ET) -- Spain's antitrust watchdog on Tuesday fined the country's two main elastomeric foam makers, Armacell Iberia SA and L'Isolante K-Flex SRL, more than €8.8 million ($11.8 million) for fixing prices and market shares for more than a decade.

The Spanish National Competition Commission hit Armacell and its parent company with €6.5 million in penalties and fined K-Flex and its local unit €2.3 million for agreeing for at least 11 years to hike prices and divvy up the market for elastomeric foam, which is used in a variety...
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