Was thinking about Integra's most recent report.
All of their growth came from private label sales (where they produce goods that are retailed, packaged, and sold exclusively by a third party). These 3rd party distributors might be the perfect M&A target. Swap their customers into BTM very very quickly and make a way way bigger margin... Pays for itself very quickly. Just a thought.
Fes
Ann: Webcast with the Chairman and New CEO, page-67
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