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Article: Justice Department Ends Inquiry into Snack Food Maker Frito-Lay.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 23, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Dec. 23 -- The U.S. Justice Department has dropped its 2-year-old investigation into possible anti-competitive business practices by Plano-based Frito-Lay Inc.
The Justice Department had been examining whether Frito-Lay, the nation's largest maker of snack food, had tried to squeeze out competitors in the salty snack market by buying shelf space it didn't need and by charging unusually low prices for its chips.
"We are very pleased with their decision," said Lynn Markley, a Frito-Lay spokeswoman. "We were never accused of any wrongdoing."
The investigation did not have any adverse material impact on ...