| The acquisition criteria of our affiliate
companies includes privately owned companies and/or public corporations
seeking to divest non-strategic divisions or subsidiaries. Typically,
our acquisitions will have a well-defined niche element or product
that provides for a competitive edge within its industry segment.
These are usually profitable, stable businesses that are not overexposed
to the risk of economic downturns. However, we will, at times, consider
certain turnaround opportunities.
Our investment history demonstrates our ability to successfully
grow profitability through internal development, increased market
share penetration, management incentives, eliminating excess or
redundant expenses and improving manufacturing efficiencies. We
are selective with our investments and focus on opportunities where
our approach and involvement help create superior returns.
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