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Federal Trade Commission Seeks to Block Henkel Purchase of Pittsburgh Paint Unit
The Federal Trade Commission asked a judge to stop Henkel's $725 million acquisition of part of Pittsburgh Paint. Officials said the transaction would reduce competition in the liquid-adhesive market.
Jul 13, 3:20 PM·1m read2 sources
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The Federal Trade Commission asked a judge to block Henkel's planned $725 million purchase of part of Pittsburgh Paint. The agency said the deal would combine two of the largest participants in the liquid-adhesive market and reduce competition.
Henkel is acquiring a portion of Pittsburgh Paint's operations for $725 million. The Federal Trade Commission filed its request in federal court.
The agency stated that the transaction would harm competition in liquid adhesives. No further court dates or company responses were reported.
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