Oh, the Humanity of Acquisitions
Ennis typically looks for companies where the existing management team wants to stay and manage the business. Previous owners often become general managers of the acquired company, as in the case of Bob McAleavey at Specialized Printed Forms, Caledonia, N.Y. In other situations—such as with Richard Miller at Calibrated Forms, Columbus, Kan.—a long-tenured manager may ascend into the general manager position. “It is not our intention to eliminate positions, but the facility needs to be profitable. If it’s a struggling facility, there may be changes, but they don’t always involve headcount reductions,” said Osterloh. “There may be changes in the cost structure or in the way things are done to gain efficiencies. Planned changes could be as minor as changing from a weekly to a bi-weekly payroll. Even then, the strategic plan includes options for assistance to employees during the change over.”
- Companies:
- Ennis, Inc.