Investigations

 

Great Lakes Concrete, Inc. Pleads Guilty to Violating the Sherman Act

August 24, 2011
 
 
 

Summary

On August 24, 2011, Great Lakes Concrete, Inc. (Great Lakes) pleaded guilty to participating in a price-fixing and bid-rigging conspiracy for the sales of ready-mix concrete.  Great Lakes, particularly through its President Kent Robert Stewart and its sales manager Steven Keith VandeBrake, admitted to conspiring to fixing prices and rigging bids with another ready-mix concrete company for the sale of ready-mix concrete in Iowa.  During the period of the January 2008 through August 2009, approximately $1.8 million in ready-mix concrete sales were affected by this conspiracy. 

This case was worked in cooperation with the US Attorney's Office, Antitrust Division, Chicago, and the FBI's Sioux City, Iowa office.

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