FTC Blocks Oil Disposal Merger

     HOUSTON (CN) – The FTC filed a federal antitrust complaint to block Red Sky Holdings’ and CCS Corp.’s $85 million acquisition of Newpark Environmental Services. All the companies dispose waste for offshore oil and gas companies in the Gulf of Mexico.

     Red Sky owns CCS; both are based in Calgary, Alberta.
     Newpark is based in The Woodlands, Texas.