Commission action: Following a public comment period, the Commission has made final a consent agreement with the following entity and also approved an application for divestiture required by the order.
- The Commission's consent agreement with Insilco Corporation settles the FTC's charges the company's acquisition of Helima-Helvetion's aluminum tube manufacturing facilities would create a virtual monopoly or near monopoly in the markets for welded-seam aluminum radiator and charged air cooler tubing in North America, in violation of federal antitrust laws. To restore competition and settle the FTC charges, Insilco agreed to divest two of the Helima aluminum tube mills and associated assets to a Commission-approved buyer within four months of the date on which the proposed order becomes final. The order also prohibits Insilco from obtaining or providing the type of sensitive information to others that it obtained before consummating the acquisition of Helima. Such information includes customer-specific price and cost information, current or future pricing plans, or current or future strategies or policies relating to competition. (See news release dated August 27, 1997. The Commission vote to approve consent order was 4-0, with Commissioner Orson Swindle not participating. Docket No. C-3783. Staff contact is Casey Triggs, 202-326-2804.)
The Commission has approved the application of Insilco to divest the two mills to a joint venture to be formed by Avins Industrial Products Corporation and Lawrence Industries, Inc. (See news release dated August 27, 1997. The Commission vote to approve the divestiture was 4-0, with Commissioner Orson Swindle not participating. Staff contact is Roberta S. Baruch, 202-326-2861.)
Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entity. The Commission action makes the consent order binding on the respondent.
- The consent agreement with Jitney-Jungle Stores of America, Inc., based in Jackson, Mississippi, settles FTC charges that Jitney-Jungle's $228 million acquisition of outstanding Delchamps, Inc. shares would violate antitrust laws by substantially reducing competition among supermarket operators in the Gulfport-Biloxi, Hattiesburg and Vicksburg areas of Mississippi, and in the Pensacola area of Florida. The consent order requires Jitney-Jungle to divest a total of 10 supermarkets to Supervalu, Inc. Supervalu may in turn divest the stores to R & M Foods, Inc. and Southeast Foods, Inc. (See news release dated September 12, 1997 for further details about this case; Docket No. C-3784. The Commission vote to issue the consent order as final was 4-0, with Commissioner Mary L. Azcuenaga not participating. Staff contact is George Cary, 202-326-3741, or Phillip Broyles, 202-326-2805.)
Copies of the documents referenced above are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-3128; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710