Waste Management Technology IPO (CEO, Shareholder, Market Visioning, P&L Responsibility)
We acquired a controlling interest in this US pre-IPO waste management technology company in 1982.
We profitably grew sales five-fold through the following action:
- Switching from cast iron to high alloy steel for key parts of the system, thereby making the system more reliable.
- Developing better relations with municipal customers by taking a greater interest in ensuring that the systems ran well and improving customer service.
Within 2 years, we effected an IPO on the NASDAQ system.
In 1986, our interest was sold and as part of the price, we acquired a water pump manufacturing operation in France.