Pavestone | Dallas TX – Federal Trade Commission stopped Pavestone’s attempt in 2008 to sell to Oldcastle. CRH and Pavestone had agreed to the deal, worth a reported $540 million, that would have made Pavestone a subsidiary of CRH America. The FTC said it would violate antitrust laws by greatly reducing competition. CRH did not challenge the FTC in court. Pavestone said it was disappointed that the lawsuit would not be contested, adding that the FTC was ignoring the benefit of the transaction to consumers. www.pavestone.com
