New York Attorney General Letitia James and Pennsylvania Attorney General Dave Sunday intervened in the transaction, which was valued at over $450 million. Officials identified multiple counties where Colas and Suit-Kote acted as the sole bidders for public infrastructure projects, a duopoly that regulators argued would stifle pricing competitiveness.
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Colas to Offload Asphalt Sites Following Antitrust Intervention
Two state attorneys general have forced a massive restructuring of the acquisition of Suit-Kote by French conglomerate Colas, citing concerns that the merger would effectively erase competition for regional road-repair contracts. The settlement mandates the divestiture of four key asphalt facilities across New York and Pennsylvania to maintain market balance.
Under the terms of the agreement, Colas must divest Suit-Kote locations in Buffalo, Jamestown, and Belmont, New York, alongside its own facility in Bloomsburg, Pennsylvania. To ensure the viability of the remaining assets, the companies have committed to capital investments of up to $3.5 million for the Belmont site and $6.5 million for the Bloomsburg location.
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