Wednesday, January 02, 2008

All Your Chocolate Are Belong To Us

The world's largest chocolate companies -- including two in New Jersey -- conspired to fix prices in violation of U.S. antitrust laws, according to a suit filed by a Bayonne company.

The suit alleges that Hackettstown-based Masterfoods USA and Cadbury Adams USA LLC of Parsippany, along with at least six other companies, created an "international cartel" designed to "fix, raise, maintain and/or stabilize prices of chocolate."


The suit follows published reports that Canadian and U.S. authorities are investigating chocolate companies for antitrust activity.

Other alleged conspirators named in the suit include Pennsylvania-based The Hershey Co. and Mars Inc. of McLean, Va., which conducted its U.S. business through Masterfoods until earlier this year, when the subsidiary's name was changed to Mars North America.

No comments: