February 23, 2018 / 2:18 PM / a year ago

US sues to stop Wilhelmsen from buying smaller rival Drew Marine

WASHINGTON, Feb 23 (Reuters) - The U.S. Federal Trade Commission said on Friday that it would file a lawsuit in a bid to stop Wilhelmsen Maritime Services’ from buying a smaller rival Drew Marine Group.

The FTC said that the $400 million deal would reduce competition in the market for marine water treatment chemicals used in a ship’s boiler water and engine cooling water systems. (Reporting by Diane Bartz Editing by Chizu Nomiyama)

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