FTC Requires Graco to Sell ITW Liquid Finishing Equipment Businesses
The Federal Trade Commission will require Graco to sell the worldwide liquid finishing business of Illinois Tool Works and ITW Finishing under a proposed order as part of a settlement. It will resolve charges that its $650 million acquisition of several ITW businesses would have been anticompetitive and led to higher prices and reduced innovation for the North American manufacturers who rely on this equipment.
a law violation. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions. Each violation of such an order may result in a civil penalty of up to $16,000.
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