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Haarmann Reimer Corp

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BUSINESS
January 30, 1997 | From Reuters
A U.S. subsidiary of the German pharmaceutical and chemical giant Bayer agreed Wednesday to plead guilty to fixing the price of a key food additive and to pay a $50-million fine. Haarmann & Reimer Corp., the Springfield, N.J.-based subsidiary, admitted that it took part in an international conspiracy to fix prices and allocate sales for the worldwide, $1.2-billion-a-year citric acid market.
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BUSINESS
January 30, 1997 | From Reuters
A U.S. subsidiary of the German pharmaceutical and chemical giant Bayer agreed Wednesday to plead guilty to fixing the price of a key food additive and to pay a $50-million fine. Haarmann & Reimer Corp., the Springfield, N.J.-based subsidiary, admitted that it took part in an international conspiracy to fix prices and allocate sales for the worldwide, $1.2-billion-a-year citric acid market.
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BUSINESS
December 10, 1996 | From Associated Press
Four companies accused of fixing the price of citric acid, an essential food processing ingredient, have agreed to pay $94 million to settle a class-action lawsuit, attorneys said Monday. The companies are food giant Archer-Daniels-Midland Co., Haarmann & Reimer Corp., Hoffman-LaRoche Inc. and Jungbunzlauer Inc. The fifth defendant, Cargill Inc., is continuing to fight the suit.
BUSINESS
June 12, 1997 | From Associated Press
Archer-Daniels-Midland Co. said Wednesday that the European Union has launched an investigation into pricing practices there. The announcement came just two days after four U.S. companies filed suit in San Francisco accusing the agricultural giant of conspiring with others to fix prices for citric acid, an additive used in detergents and beverages. ADM, based in Decatur, Ill.
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