Deals & regulation
Justice Department refers two asphalt merger cases to states after local competition concerns
The Justice Department said it referred competition concerns in two asphalt-sector acquisitions to state attorneys general. Colas’s purchase of Suit-Kote led to a settlement requiring divestiture of four facilities in New York and Pennsylvania. In CRH’s proposed $8.5 billion acquisition of Arcosa, New Jersey officials secured divestitures addressing concerns in a local hot-mix asphalt market. The department said it supports efficient cooperation with states but took no position on the settlements’ terms.
Editorial summary · Publisher article
What matters
- The Colas-Suit-Kote investigation began after Bouygues announced the acquisition in 2025.
- The CRH-Arcosa transaction is valued at approximately $8.5 billion.
- The identified competition concerns were limited to specific local markets.
- The department said the parties and states agreed on remedies after referral.
Context & caveats
- The account is the Justice Department’s own statement and does not independently assess the settlements’ effectiveness.
Why this made the edition
The Justice Department provides substantive details about two merger investigations, state referrals, local competition concerns and agreed facility divestitures.
Source material