Sapa Must Divest Facility To Acquire Indalex: DOJ

Law360, New York (July 30, 2009, 7:01 PM EDT) -- The U.S. Department of Justice's Antitrust Division has reached a settlement requiring Sapa Holding AB and bankrupt Indalex Holdings Finance Inc. to divest an aluminum sheathing facility in North Carolina before Sapa can proceed with its proposed $150 million acquisition of Indalex.

The DOJ filed its complaint and proposed settlement Thursday in the U.S. District Court for the District of Columbia.

Sapa and Indalex, which entered an asset purchase agreement on June 16, are currently the only two manufacturers of aluminum sheathing in the United States,...
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