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United States of America v. Crane Composites, Inc. et al
Case Number:
1:22-cv-01401
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Firms
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May 27, 2022
DOJ Pressure Caves $360M Deal For Wall Panel Maker
Crane Co. has abandoned a plan to unload its engineered materials business in a $360 million deal with construction supply manufacturer Grupo Verzatec ahead of a broader restructuring about two months after the U.S. Department of Justice sued to block the transaction.
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March 17, 2022
DOJ Sues To Block $360M Merger Of Wall Panel Makers
The U.S. Department of Justice is asking an Illinois federal court to step in and block construction supply manufacturer Verzatec's "brazen attempt to eliminate a rival" by buying out its biggest competitor in the fiberglass wall panel business.