Companies: Heinz Abandons Its Plan to Buy Beech-Nut --- Appeals Court Blocks Merger Of U.S. Baby-Food Makers

FTC Chairman Robert Pitofsky said the decision "holds the line" on antitrust enforcement. Three companies dominate the U.S. baby-food market, with Gerber, a Freemont, Michigan, unit of Switerland's Novartis AG, holding a 65% share of the market, while Heinz and Beech-Nut, a unit of Mi...

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Bibliographic Details
Published inWall Street journal. Europe
Main Author By Mark Wigfield and John R. Wilke
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 30.04.2001
EditionEurope
Subjects
Antitrust
Food
State court decisions
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Summary:FTC Chairman Robert Pitofsky said the decision "holds the line" on antitrust enforcement. Three companies dominate the U.S. baby-food market, with Gerber, a Freemont, Michigan, unit of Switerland's Novartis AG, holding a 65% share of the market, while Heinz and Beech-Nut, a unit of Milnot Holding Co. of St. Louis, split most of the balance. Milnot is owned by Madison Dearborn Partners Inc., a Chicago equity firm.
ISSN:0921-9986