Illinois Central Industries, Inc

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IN THE MATTER OF ILLINOIS CENTRAL INDUSTRIES, INC., ET AL. MODIFYING ORDER IN REGARD TO ALLEGED VIOLATION OF SEC. 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. 7 OF THE CLAYTON ACT Docket 2370. Consent Order, March 1973-Modifying Order, March 16, 1983 The Federal Trade Commission has reopened this matter and declared that Paragaph VI ofthe order issued on March 26, 1973 (82 F. 1097) shall be of no further force and effect. Paragraph VI barred Midas-International Corp., an IC subsidiary, from purchasing any product containing automotive brake friction material manufactured by Abex Corp., another IC subsidiary. ORDER MODIFYING DECISION AND ORDER On November 16, 1982, respondent IC Industries, Inc. (formerly Ilinois Central Industries, Inc. IC") fied its "Petition Pursuant To Rule 2.51 To Reopen And Modify Consent Order" ("Petition ). The Petition asked that the Commission reopen the consent order that issued on March 26, 1973 in this matter ("the order ) and set aside Paragraph VI thereof. Paragraph VI of the order perpetually bans IC' s subsidiary, Midas-International Corporation ("Midas ) from purchasing, directly or indirectly, any products containing automotive brake friction materials manufactured by Abex Corporation ("Abex ), another subsidiary ofIC. It also bans Midas from selling or distributing such products. Paragraph VI likewise perpetually bars Midas from purchasing automotive flashers from IC or from sellng or distributing such flashers manufactured by IC. IC's Petition was on the public record for thirty days and no comments were received. Based on respondent's Petition and on other information available to it, the Commission has determined that IC has made a satisfactory showing that the public interest warrants reopening and modification of the order in the manner requested by respondent. Accordingly. It is ordered That this matter be, and it hereby is, reopened and that Paragraph VI of the Commission s order shall be of no further force and effect as of the effective date of this modifying order. Modifying Order 101 F,