Displaying items by tag: Georgia
US: A court in Savannah, Georgia, has sentenced Evans Concrete and four executives for conspiring to fix prices, rig bids and allocate jobs in the local ready-mix concrete business between 2010 until 2016. Foreign Affairs News has reported that Evans Concrete will pay a US$2.7m fine, while alleged co-conspirator Argos USA will pay a US$20m criminal penalty under a deferred prosecution agreement. Of the four individuals, three will serve combined prison sentences of 72 months and pay a total US$210,000 in fines and one received a year’s probation.
The Justice Department’s Antitrust Division said "The Antitrust Division and its law enforcement partners will hold accountable those who seek to exploit the critical need for these materials to harm consumers."
US: Construction and design products company Outdoor Living Supply has acquired Mid-Atlantic Concrete Products (MACP) and South-Atlantic Concrete Products (SACP). MarketLine News has reported that MACP president Ken Armistead will move to an ambassadorial role, while SACP president Rich Kearney will join Outdoor Living Supply in the newly-created position of vice president, commercial and wholesale.
SACP president Rich Kearney said "Outdoor Living Supply provides us with expanded resources and a powerful growth platform, helping us take our commercial sales, talented team, loyal customers and suppliers to new levels."
Outdoor Living Supply CEO Brian Price said "We are thrilled to have the teams at MACP and SACP join Outdoor Living Supply. These partnerships enhance our existing store network in North Carolina and Georgia and give us a significant foothold in the commercial hardscape market."
