Three Automotive Foam Manufacturers to Pay $6.1 Million in Price Fixing Scheme
The Department of Justice announced June 27 that three manufacturers of polyurethane foam used to create interior components for automobiles will pay a total of $6.15 million in criminal fines after pleading guilty to participating in a scheme to fix prices to customers. They also agreed to cooperate with the DOJ’s ongoing investigation into price fixing or other anticompetitive conduct in the polyurethane foam industry.
The three companies are manufacturers of polyurethane flexible slab stock automotive foam, a low-density product used as a component of automotive interior parts such as seats, headliners, headrests, door panels and armrests. This product includes only the foam itself and does not include any automotive parts in which it may be a component.