 |
Alro Home | Steel & Metals | Industrial Supply | Plastics | News Center | Business Solutions | Quality | Locations | Contact |
|
MCN
Article
|
|
He does believe Alro will continue to grow its contract supply and value-added services business as customers' demands continue to increase. Chances are one in 10 that Alro would take itself public, Glick says, "but I wouldn't say never." Investment banks have advised him that Alro isn't ready for such a step anyway. "If we were public today, our stock would probably be selling at half of book value, like everybody else's, regardless of what our results are." Merging with another company is also a future possibility. "We are looking out for opportunities that make sense for our employees, customers, vendors and for our family, and which are good for our long-term viability," he says. "[If a buyer made a good offer] we'd listen, but as long as I'm alive and healthy, I don't want a boss. "Today, there is more stress and more problems because the demands are all changing, but there are also more opportunities than ever before. I'm more excited to come to work today and see what's new than I was 52 years ago. As long as my health allows, I'm going to be around." By
Corinna C. Petry, Managing Editor Used with permission. Copyright 2000 - Metal Center News |