Peter George takes over Ray King. Reason given was that King, chairman at McPhersons, was encountering a conflict of interest as Nylex and McPhersons are competing for similar acquisitions.
McPhersons generates most of its revenues from consumer goods like kitchenware, utensils, glassware, gardenware, homewares and bathroom products together with newly-added ranges of household bags, wraps and foils, and beauty, hair and personal care products.....
Does this mean Nylex are focusing their acquistion efforts on similar consumer-based companies? If so, i'm getting more and more tempted to completely bail out off this ship - going into low margin, high competition areas that McPherson are in wasn't the sort of thing i was hoping for from Nylex.
To be even more dramatic and hypothetical, could NLX (cap = $160M) look to bid for McPhersons (cap = $110M)? Probably not, but lets hear some thoughts.
Add to My Watchlist
What is My Watchlist?