Lubrizol Appeases FTC's Concerns Over Lockhart Deal

Law360, New York (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...
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