Nestle, Mars accused of price fixing by Canadian Competition Bureau
Hershey Canada will cooperate with the investigation.
Canada’s Competition Bureau announced Thursday it will bring criminal price fixing charge sagainst Nestle’s and Mars Inc.’s Canadian divisions and ITWAL, Ltd., a wholesale distributor network. Nestle Canada Inc. president Robert Leonidas; Sandra Martinez, former president of confectionery for Nestle Canada; and David Glenn Stevens, president and chief executive of ITWAL are charged.
Hershey Canada will plead guilty to one count of price fixing after cooperating with the investigation. Hershey Canada says it reported price fixing activity in 2007 under the Competition Bureau’s immunity program. Punishment for Nestle and Mars could total up to 10 million as well as up to five years in prison for offending executives.