Hershey Canada pleads guilty to its role in price-fixing cartel; faces fine of 3.8M

June 21, 2013 at 5:05PM

TORONTO — Hershey Canada Inc. faces a fine of US$3.8 million (CA$4 million) after pleading guilty to its role in fixing the price of chocolate confectionery products in Canada.

Canada's Competition Bureau said Friday that the chocolate manufacturer admitted in the Ontario Superior Court of Justice that it conspired, agreed or arranged to fix the price of chocolate confectionery products in Canada in 2007.

The competition bureau says that Hersey also admitted that in 2007 senior employees communicated with employees at Nestlé Canada Inc., Mars Canada Inc. and an independent distributor network to exchange competitively sensitive pricing information about chocolate confectionery products in Canada.

The bureau earlier this month laid criminal charges against Nestle SA's Canada arm, Mars Inc.'s Canada division and ITWAL Ltd., a network of independent wholesale distributors.

about the writer

about the writer

More from Business

See More
card image
Spencer Platt

The U.S. stock market roared back on Friday, as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge, at least for now.

Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.
card image