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Story summary
- U.S. Pennsylvania Attorney General David Sunday asked a court to block Colas’s purchase of Suit-Kote under the Clayton Act.
- Colas and Suit-Kote will divest Belmont, Buffalo, Jamestown and Bloomsburg.
- Colas will invest up to $6.5 million in an emulsion mill and storage at Bloomsburg.
- New York Attorney General Letitia James said the divestiture protects competition and prevents unfair road-maintenance pricing.
- Suit-Kote employs over 750 staff and generates about $500 million in annual revenue.