Issue
46:
3rd quarter 2001
Product Overview
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Editorial: Acordis Industrial Fibers Businesses Prepare for New Ownership |
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published in Issue 46, 3rd quarter 2001
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Only two years ago, Acordis was hailed by its new majority owner, CVC Capital Partners, as the worlds biggest dedicated fibres company. Moreover, both Acordis and its new owner were announcing upbeat predictions about strengthening Acordiss market position through acquisitions1.
But by 2001 the vision had changed. Acordiss strategy over the last year has been characterised more by disposals than by acquisitions. Moreover, no acquisitions now appear to be in prospect.
True, a number of the businesses which have been sold were at the outset identified as non-core activities and therefore earmarked for disposal.
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an editorial think-piece on a topical issue from an industry expert