“FTC Raises Concerns Over Smucker’s Acquisition of Wesson Oil, Potential Impact on Market Prices and Consumer Costs”
The FTC’s complaint reveals that internal documents from both Smucker and Conagra indicate that the two cooking oil brands “compete intensely” for retail market share. One of Smucker’s motivations for acquiring the Wesson oil brand is to eliminate price competition. The FTC notes that Smucker’s internal documents recognize that reducing price competition between Crisco and … Read more