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Materials & Assembly

Phillips Plastics Establishes European Presence

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Douglas Smock
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Re: Hopefully this works out
Douglas Smock   7/11/2011 10:24:03 AM
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Good point Dave. That's why I thought this story was important. It shows a major commitment from Kohlberg to expand Phillips, not take it apart. The acquisition is particularly interesting because it signals a new, more modern, direction for this great, almost iconic, American manufacturing company.

I've enjoyed reading your thoughts on the expanded Design News Web platform. Input from readers like you add great value to what the writers are saying. Thanks very much.

Dave Palmer
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Hopefully this works out
Dave Palmer   7/11/2011 9:52:12 AM
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Hopefully this is the right decision for Phillips. So often, when ownership of a company changes hands from a dictatorial founder-leader to an investment company, the investment company winds up running things into the ground. The decision to expand into Europe seems to make sense; I just hope they are very careful.

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