1. Case Overview:
Company background:
Rhodes Industries (RI): Established by Robert Rhodes in 1950s in Southern Ontario, Canada
The business of RI:
- developed pipes and glasses for industrial uses
- gradually branched out into new areas such as Sealants, coatings and cleaners and parts for trucking industry
- expanded by acquiring small firms in Canada and the United States during the 1960s
- was a conglomerate structure with subsidiaries across NA reporting directly to headquarters at Ontario, Canada.
- consisted of independent local business units
1970s and 1980s, the president at that time, Clifford Michaels, brought a strong international focus to RI and adopted a strategy of acquiring small companies worldwide. RI ventured into new lines of business such as consumer products and electrical equipments, in addition to its previous line of business. This strategy was adopted with the belief of forming cohesive units that would bring RI synergies and profits.......
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Approximate Word Count: 1233
Approximate Pages: 5 (260 words per double-spaced page) |