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The company adopted the other companies because the plastic company was up for sale so Wallace got investor to help in buying the company. He then acquisition the chemicals company because the owner was in bankruptcy.
The electronics and the plastics were the most profitable, the chemicals was not has profitable. Most of their profit came form the governmental and automotive markets. (Stybel, 2006) The companies was facing a lot of problem which was affecting their success and meeting their objectives. The employees at Wallace group were not satisfied with the President managerial skills. Wallace asked Rampar who the president of Rampar associates to do some consulting...
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