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FTC Appoints Wosińska to Bureau of Economics; DOJ Acquisition Settlements


Friday, May 7, 2021
Federal Trade Commission (FTC)
FTC approves final order imposing conditions on E. & J. Gallo Winery’s acquisition of assets from Constellation Brands, Inc.
On April 5, 2021, the FTC announced that following the public comment period, it would approve a final order relating to E. & J. Gallo Winery’s transaction with competitor Constellation Brands, Inc. Under the order, Gallo agreed to divest several product lines and exclude several others from its deal with Constellation. As discussed further in our January 2021 newsletter, the FTC alleged that the proposed acquisition would eliminate head-to-head competition and constrain competition in six product markets: entry-level on-premise sparkling wine; low-priced sparkling wine; low-priced brandy; low-priced port; low-priced sherry, and high color concentrates. ....

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DOJ Says Stone Canyon Must Divest US Salt Before Acquiring Morton to Keep Competition in the Salt Industry


Agriculture Giants
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7 hours ago
The Department of Justice (DOJ) announced in a press release on Monday that in order to preserve competition among table salt companies, it is going to require Stone Canyon Industry Holdings to divest US Salt before it acquires Morton Salt. The DOJ also filed a civil antitrust lawsuit in the District of Columbia District Court to block the acquisition alleging that consumers benefit from the competition between the two companies. 
The DOJ said that a proposed settlement filed with the complaint, if approved, “would resolve the competitive harm alleged in the complaint. Under the settlement, Stone Canyon would divest its “entire evaporated salt business in order to proceed with their proposed acquisition,” and other assets, this includes divesting its subsidiary US Salt, which is a subsidiary of SCIH Salt Holdings Inc., formerly known as Kissner Group Holdings LP, which was acquired by Stone Canyon in April 2020.  ....

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