Part 2 Consents
On 10/12/2012, Magnesium Elektron, a leader in the production of magnesium plates used for photoengraving, settled Federal Trade Commission charges that its acquisition of rival plate manufacturer Revere Graphics Worldwide, Inc. was anticompetitive and a violation of the antitrust laws. The proposed order resolves the FTC’s allegations, and restores the competition eliminated by the merger by requiring Magnesium Elektron to sell necessary intellectual property and technical know-how used to manufacture magnesium plates for photoengraving applications to Kansas-based Universal Engraving. The proposed consent order is designed to remedy the anticompetitive effects of the acquisition by requiring Magnesium Elektron to sell technology and know-how used to manufacture magnesium plates for photoengraving to Universal Engraving. While Universal Engraving does not currently manufacture or sell magnesium plates, it is uniquely positioned to become an effective competitor in this market because it already sells other metals used in the photoengraving process to customers affected by the merger. On 12/26/2012, the FTC approved a final order restoring competition in the market for magnesium plates for photoengraving. According to the FTC's complaint, Magnesium Elektron's 2007 acquisition of Revere Graphics Worldwide was anticompetitive and resulted in the combination of the only two makers and sellers of magnesium plates for photoengraving in the world at that time.