( April 21, 2022, 14:05 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission said Prince International and Ferro must divest three facilities used to make porcelain enamel frit, glass enamel, and forehearth colorants, to KPS Partners as a condition for agency approval of American Securities Partners' — Prince's parent company — acquisition of Ferro. "The acquisition also would have harmed competition in the highly concentrated world-wide markets for glass enamel and forehearth colorants,” said Holly Vedova, Director of the FTC’s Bureau of Competition. The proposed consent agreement mandates Prince divest a porcelain enamel frit and forehearth colorants plant in Leesburg, Alabama; a porcelain enamel frit and forehearth colorants plant and research center in Bruges, Belgium; and a glass enamel plant in Cambiago, Italy.Statement follows in full....
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