David Castle
A few decades back if a corporate executive even brought up the notion at a board meeting that their $127 million company ought to buy out a $254 million foreign rival, he or she would have been laughed out of the board room. But this is the ’00s. When Fairmont’s Weigh-Tronix did it by buying out British rival Avery Berkel in late 1999 with the leverage of Berkshire, a U.S. investment group, it became the second largest scale manufacturer in the world behind Mettler Toledo. And for the record, nobody laughed at them.
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