Product-Development Software Key to Optimizing Your M & A Investment
The coatings industry is
experiencing an unprecedented
period of mergers and acquisitions (M&A).
It takes discipline and focus to analyze where to take costs out of the combined businesses. In the coatings industry, most companies have a good feel for what the cost reduction opportunities are in operations and manufacturing. But when it gets to other areas there is less sophistication. For instance, there is a huge opportunity to grow profits and market share through new efficiencies in product development.
The challenge is to integrate these separate R&D-driven activities into a cohesive, enterprise-wide whole, which enables the merged company to quickly rationalize its product line and supply chain, while driving the creation of new, environmentally friendly and competitively priced products customers want.