CRA consultants advised counsel to Caraustar in its acquisition of The Newark Group, Inc., one of the largest integrated manufacturers of recycled paperboard and converted paperboard products. The Department of Justice reviewed the merger and cleared it unconditionally. CRA consultants submitted detailed analyses on product market definition and econometric analyses addressing competitive effects issues.
New vertical merger test
In vertical mergers, antitrust agencies often focus on the merging firms’ incentives to foreclose inputs to rivals when analyzing competitive effects. Less...