INDUSTRIAL
FINISHING-FORGING-MACHINE PRODUCTS-PUBLISHING
THE COMPANY
New Ventures Operation of Fortune 50
Company
THE SITUATION
Seven high-tech operations were spun
off by parent company. Businesses were capitalized with outside funds; managers were given
equity; parent retained a large minority position.
Having survived the first 18 months of
independent life, stockholders were struggling with ideas for the future direction of
these businesses. Operations ranged from Superconductivity to Filtration Devices, Metal
Casting and High-tech Publishing. Six of the businesses had only technically oriented
management groups; all but two were barely surviving.
ACTION
Visited and analyzed each business.
Reporting to the Boards of each company and senior executives of parent, devised
strategies ranging from closing down one operation, expanding marketing in others to
aggressive acquisition programs for two of the businesses.
RESULTS
Recommendations were followed by three of
the companies; each of these continued and prospered to varying degrees; three
of the remaining four ultimately went out of business.
Contact
Us / Experience / First Page
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R.N. Seidman & Partners, Ltd. |
