Justice Department Requires Taiheiyo Cement Corporation and CalPortland Company to Divest Assets to Proceed with Acquisition of Ready-Mix Concrete Assets from Vulcan Materials Company

The Justice Department's Antitrust Division has mandated that Taiheiyo Cement Corporation and CalPortland Company divest three ready-mix concrete plants to proceed with CalPortland's $712 million acquisition of ready-mix concrete assets from Vulcan Materials Company. The divestiture requirement addresses antitrust concerns that could result from the proposed acquisition.