Faber Absorbed
Submitted by advisor on Wed, 06/01/2005 - 1:51am.
Franke, (a Swiss maker of sinks and appliances) has completed its purchase of Faber (an Italian maker of range hoods). Effective May 31, Franke owns 100% of Faber. Franke and Faber have two separate distribution channels in North America so there is the possibility of Synergistic changes, but it is generally assumed that the real driver of the buyout was the European market where "Franke" distributes its own brand of appliances. Faber's Galassi family will remain at the helm of the Faber division.......which leads us to a general question for which we have never heard a satisfactory answer, related to the CEO of an acquired entity:
How does the Master and Commander adapt to the new position of Cabin Boy?
