Bonn, Germany -- Metzler Schuam has been fined EUR 3.8m ($4.3m) by the German antitrust agency, for fixing the price of mattresses sold to retail customers between 2007 and 2011.
The investigation found that Metzler Schaum undertook "successful efforts to persuade different traders to advertise the right sales prices" online and in their stores. The Bundeskartellamt found that Metzler sales agents were successful in persuading retailers to treat the products as "price-controlled goods" and that advertising should not include price comparisons with other products.
The Bundeskartellamt started investigating in August 2011 after complaints from the market and has previously imposed a fine against Recticel sleeping comfort, Bocum in August 2014. Investigations into two other firms is continuing said the agency, which added that there was no evidence of collusion between mattress suppliers.
Metzler Schaum cooperated with the investigation and an amicable agreement was reached. Metzler can appeal against the fine in the Higher Regional Court of Dusseldorf.
Currency conversion 6 Feb 2015 ( Eur 1=$1.14)