WASHINGTON (Nov. 8, 2007) — Two executives of Trelleborg Industrie S.A.S., a French subsidiary of Swedish rubber giant Trelleborg A.B., have pleaded guilty to participating in a marine hose price fixing conspiracy.
Christian Caleca and Jacques Cognard agreed to cooperate fully with the U.S. Department of Justice´s investigation of alleged price fixing, bid rigging and market share allocation in the marine hose market in the U.S. and elsewhere.
If the U.S. District Court in Fort Lauderdale, Fla., approves the plea bargain, Caleca and Cognard will spend 14 months in jail and Cognard will pay a fine of $100,000 and Caleca $75,000.
Caleca, president of Trelleborg´s Industrial Fluid Systems business unit, and Cognard, Trelleborg´s product area manager for oil and marine products, were arrested in May along with five executives from other marine hose companies.
Two more executives were indicted in September. Officials of Trelleborg and the Justice Department could not be reached for comment.