Spain Raids Polyurethane Foam Makers In Cartel Probe
By Megan Leonhardt
Law360, New York (January 26, 2012, 5:19 PM ET) -- Spain's competition regulator said Thursday it had raided the offices of companies producing elastomeric and polyurethane foam insulation amid suspicions the manufacturers were engaging in anti-competitive behavior, including price fixing.
The unannounced inspections, which were held on Jan. 25, mark the first step in an investigation of anti-competitive practices in the elastomeric and polyurethane foam insulation industry, according to Spain’s National Competition Commission, or CNC.
“The investigation of cartels is a priority area of CNC action, given the especially severe impact such practices have on consumers,”...
The unannounced inspections, which were held on Jan. 25, mark the first step in an investigation of anti-competitive practices in the elastomeric and polyurethane foam insulation industry, according to Spain’s National Competition Commission, or CNC.
“The investigation of cartels is a priority area of CNC action, given the especially severe impact such practices have on consumers,”...
http://www.law360.com/competition/articles/303703/spain-raids-polyurethane-foam-makers-in-cartel-probe
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