- As part of the continuing shift in the balance of antitrust enforcement between the federal and state antitrust enforcers, the DOJ Antitrust Division referred two asphalt industry merger investigations to state AGs after identifying potential competition concerns in localized markets.
- The first investigation involved asphalt paving products maker Colas Inc.’s acquisition of Suit-Kote Corporation, which the DOJ identified as impacting specific geographic areas in New York and Pennsylvania.
- The second investigation involved hot-mix asphalt company CRH’s proposed $8.5 billion acquisition of Arcosa Inc., which raised potential competition concerns in New Jersey.
- The Division recognized the states and companies for reaching agreements that addressed local competition concerns. It also emphasized its continued focus on efficiently allocating federal enforcement resources while working alongside state AGs on matters affecting local markets.