We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Lubrizol Appeases FTC's Concerns Over Lockhart Deal

Law360 (February 26, 2009, 12:00 AM EST) -- Specialty chemical maker Lubrizol Corp. has agreed to void a noncompete agreement with rival Lockhart Co. and make other concessions to relieve concerns that its 2007 purchase of Lockhart's oxidate assets hurt competition for the product.

The Wickliffe, Ohio-based Lubrizol entered into a consent decree with the Federal Trade Commission under which it has agreed to share information about its oxidate operations with Additives International LLC.

Under the agreement, Lubrizol will grant AI a nonexclusive license to manufacture 28 former Lockhart rust preventative formulas that contain...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.